Port of Rio Grande to soon lease two key terminals

The Ministry of Ports and Airports’ auction plan includes renewing leases for two terminals at the Port of Rio Grande. RIG 25, the larger of the two, is expected to attract investments exceeding R$53 million, while RIG 40 will require over R$25 million. According to the federal government, these new concession projects aim to boost throughput capacity and enhance the port’s cargo logistics infrastructure.

RIG 25 spans 38,000 square meters and is dedicated exclusively to marine and industrial fuel operations, with an annual throughput capacity of over 200,000 tonnes. Meanwhile, the 31,000-square-meter RIG 40 terminal, designed for handling 215,000 tonnes per year, is currently inactive but is considered a critical asset for the port’s future operations.

“It is crucial to revitalize RIG 40 and increase its capacity to bring it back to operating at full steam. The terminal will undergo significant modernization,” said Cristiano Klinger, president of Portos RS. RIG 25 is already operational under a six-month concession with Braskem, which is intended to transition into a long-term lease. “This is a short-term contract, but the goal is to secure a lasting agreement,” Klinger added.

Other Lease Initiatives

The RIG terminals are part of a broader program that aims to conduct 43 auctions nationwide, with the goal of attracting new investments into Brazil’s port sector. In Rio Grande, two areas have already been leased: RIG 71, in 2023, secured over R$27 million in planned investments, while RIG 10 attracted R$7.8 million. Both are solid bulk terminals.

National Secretary of Ports, Alex Sandro de Ávila, noted that in addition to boosting cargo throughput, the auctions will increase private investment, expand loading and unloading capacity, and raise revenue for the Port of Rio Grande.

Technical Studies Underway

The two terminals are currently undergoing technical studies, which must be approved by the Federal Court of Auditors (TCU) before they can be auctioned on the B3 stock exchange. “There are additional terminals under evaluation, but RIG 25 and RIG 40 are further along in the process and are expected to move forward with these auctions by 2026,” Klinger explained.

Leasing Package

The Ministry of Ports and Airports is planning to auction 43 port terminals across Brazil by 2026. “This represents the largest investment package in the port sector in Brazilian history,” said Ávila. The ministry projects approximately R$20 billion in investments from these leases, which are expected to significantly expand port capacity, generate infrastructure, and create jobs.

Source: A Hora do Sul

Original text avaiable at: https://ahoradosul.com.br/conteudos/2024/10/23/dois-terminais-do-porto-de-rio-grande-serao-leiloados/

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