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Brazil sets date for public hearing on US$600mn Itaguaí port terminal

Posted on May 10, 2023

Brazil’s waterways and ports regulator Antaq announced the date of a public hearing on the process to offer a contract to build and operate the 3bn-real (US$607mn) ITG 02 Itaguaí minerals terminal in Rio de Janeiro state.

The hearing will take place on May 19 and is an obligatory step before publishing the project notice and holding the auction of the terminal.

“The entire virtual session will be transmitted via streaming, recorded and made available on the Antaq channel on YouTube,” the regulator said in a statement.

The contract will be in the form of a lease, which is a widely used mechanism in Brazil to attract private investment.

The terminal is designed to handle 400Mt of iron ore over the 25-year contract. More details of the process can be seen here (in Portuguese).


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