Grains and other cargo boost private investments in the Port of Itaqui

By the end of the year, the Port of Itaqui, in Maranhão, is going to announce a package of infrastructure investments in the order of R$ 500 million for the next three years, which will be carried out with its own resources. Driven by grain exports from the Matopiba region — an agricultural frontier that includes parts of Maranhão, Tocantins, Piauí, and Bahia — and by the transport of liquid bulk, the port is experiencing a boom in private sector investments.

After completing the acquisition of the logistics company CLI from the group that owns Coteminas in a deal that involved approximately US$ 240 million in debt and equity a year ago, the IG4 fund has already started studies for the third phase of Tegram, a grain terminal operated by the company. The estimate is that the investment will add up to around R$ 600 million and start operating within five years, adding a total of up to 6 million tons to Tegram’s current capacity of 15 million.

See the chart below for a history of long-haul cargo handling via the Port of Itaqui. Data are from DataLiner:

Long-haul Handling at the Port of Itaqui | Jan 2019 to Oct 2021 | WTMT

Source: DataLiner (click here to request a demo)

“It could be an investment in storage, or a new berth, or both,” said the operations director at CLI, Marcos Pepe Bertoni.

Itaqui should end this year with a 20% growth in the volume of transported cargo, surpassing last year’s record of R$31 million tons, says Ted Lago, president of Porto.

Represented by grains from the Matopiba region, the solid bulk segment represents 63% of the volume. The region is a major producer of soy, corn, and cotton.

The remaining cargo that circulates in Itaqui is basically made up of fuel and fertilizers.

Source: Valor Econômico

To read the full original article, visit the link:

https://valor.globo.com/empresas/noticia/2021/12/04/gros-e-outra-cargas-impulsionam-investimentos-privados-no-porto-de-itaqui.ghtml

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