Lease contracts in Rio Grande do Sul ports tell-tale signs of sustained growth path

The ports of Rio Grande do Sul, managed by Portos RS, play a crucial role in the state’s economic development. These ports connect 30% of locally sourced products to global markets and remain vital for the state’s balance of trade, even in the face of adversities such as the May floods.

Following the climatic challenges, the term “growth” has taken on new significance in the port sector. This growth is becoming increasingly viable as significant lease stages are completed. One notable development was the auction of key areas by the National Waterway Transport Agency (ANTAQ) in December last year.

The POA02 and RIG71 areas were acquired by Serra Morena and AC Vita, respectively. Serra Morena’s area is now operational, having met all regulatory requirements. In early July, the Official Gazette of the Union (DOU) announced the signing of the leasing contract for the Rio Grande area.

The site formerly operated by the extinct Companhia Estadual de Silos e Armazéns (CESA) is functional under a transition contract. This contract will be finalized with the signing of the Provisional Acceptance Term, initiating the new lease for a non-extendable period of up to ten years.

The Rio Grande port complex boasts the largest industrial district in Rio Grande do Sul, with 2,580 hectares available for investment. The signing of the lease with AC Vita signals a promising recovery post-flood and underscores the continued viability of investing in Rio Grande do Sul.

The Port of Rio Grande is strategic for southern Brazil’s logistics. The chart below shows the top 10 most exported container cargo recorded for the port in the year’s first five months. The information comes from DataLiner.

Rio Grande Port Top Export Cargo | 2024 | TEUs

Source: DataLiner (click here to request a demo)

Flávia Galarraga, Planning and Development Manager at Portos RS, emphasized the ongoing efforts to develop Technical, Economic, and Environmental Feasibility Studies (EVTEA). These studies are crucial for promoting leasing new areas and ensuring the port complex’s growth.

“The investments that will be made in the terminals through the signed contracts are extremely important for the Rio Grande do Sul port complex, guaranteeing the modernization of existing structures and the acquisition of new equipment,” Galarraga added.

Portos RS President Cristiano Klinger called attention to the upcoming auction of the area RIG10, scheduled for August. “Leases are fundamental for improving port activities, adding quality and competitiveness to our complex,” Klinger stated.

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