PortosRio announces 2023-2027 Business Plan at Intermodal

PortosRio, which manages the second-largest port complex in Brazil, announced its 2023-2027 Business Plan for the ports of Rio de Janeiro, Itaguaí, Niterói, and Angra dos Reis. With BRL 649 million in planned investments, the port authority foresees moving 63 million tonnes of cargo in 2023.

The document was produced with the support of several departments within the company and is updated annually. “This is an important instrument for formalizing the guidelines of the company’s business strategy and performance in the target market,” says Jean Paulo Castro e Silva, interim CEO of PortosRio.

To obtain more funds, the director underscored the importance of leasing the areas still available. With six long-term leases and three transitory leases in force, the Port of Rio de Janeiro has an approximate size of 1.5 million m², of which around 290 thousand m² are still available, leaving ten areas available for bidding destined for handling liquid bulk, steel products, general cargo, and offshore support operations.

Studies are underway for a new large base terminal to support offshore operations, another terminal for general cargo, and a liquid bulk terminal.

The Port of Itaguaí – considered the second largest public port in the country regarding cargo volume – covers 2 million m² and has the characteristics of an industrial port, where different types of companies can be installed, with seven areas available for technical studies.

These areas can be designated for the construction of industrial plants or the oil and gas market, while others are meant for handling general cargo and solid and liquid bulk. The main highlight among these is a new iron ore terminal, one of the largest projects in the national port sector, and a new solid bulk terminal. Antaq’s studies for these two terminals are already advanced and will be released for public scrutiny soon.

The business plan also includes onerous assignments for the concession of non-operating areas in both ports. Doing so can support port operations with activities such as a truck center, Logistic Support Areas, empty container depots, industrial activities, or real estate development.

Expected Investments – Until next year, PortosRio plans to invest R$649 million. At the Port of Itaguaí, the highlight will be the dredging to deepen and widen the Derivative Channel and the expansion and improvement of the railway lines. The main works in the Port of Rio de Janeiro are the completion of the modernization and expansion of the Gamboa Pier and dredging to allow the operation of ships up to 366m in length.

Maintenance dredging, road and rail renovation, and several investments in automation, programming, and monitoring systems are all planned to improve waterway and land access infrastructure. The plan also includes a list of investments anticipated in current lease agreements, totaling R$2.8 billion until 2027.

Projections – PortosRio anticipates more than 63 million tonnes of cargo this year. By 2027, the volume could reach nearly 70 million tonnes. According to estimates, revenue is expected to exceed R$ 1 billion in 2023 and reach R$ 1.12 billion in 2027.

The projects outlined in the Business Plan are on display at PortosRio’s stand D 101 at the Intermodal South America fair, which is being held at Expo Sao Paulo until March 2nd. The event is Latin America’s largest for the Logistics, Cargo Transport, and Foreign Trade sectors.

Access the 2023-2027 Business Plan: sumario-executivo-pn-v04-3

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