Cedro Participações wins auction for port terminal in Itaguaí

Issue 291 of Control & Instrumentation (C&I) magazine, out on January 20, features an article on Cedro Participações' victory in the auction for the Port of Itaguaí, in Rio de Janeiro.

The purchase is a step forward in the structuring of the company's logistics area, which recently announced the construction of a railway branch(short line) to transport iron ore production from the Serra Azul region.

According to the publication, at the port auction, held at B3, Cedro Participações, the holding company that owns Cedro Mineração, was awarded the so-called "middle area", between the Vale and CSN areas. On the 350,000 square meter site, an iron ore storage terminal will be built with a capacity of 20 million tons per year.

The project, according to the magazine, is budgeted at R$3.5 billion. Construction is scheduled to begin in 2027 and operations in 2029. According to the technical, economic and environmental feasibility project, 2,800 direct and indirect jobs are expected to be created during construction.

"The terminal is totally in line with Cedro's growth and sustainability strategy and that of the industry itself," said Lucas Kallas, Chairman of the Board of Cedro Participações.

You can read the full article here.