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

Dec, 06, 2021 Posted by Ruth Hollard

Week 202146

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:

Sharing is caring!

Leave a Reply

Your email address will not be published. Required fields are marked *