Brazil's Ports and Airports Minister Silvio Serafim da Costa Filho described the auction as the largest ever given the size of the investment. “This bulk auction at the Port of Itaguaí is crucial for Brazil’s mining industry. This 3.7 billion reais investment is of great strategic importance for the development of Rio de Janeiro and the country as a whole.”
Earlier this year, Cedro Participações announced plans to build a brazil phone number list railway spur line to facilitate the transportation of iron ore from the Serra Azul region in Quadrilátero Ferrífero. A new port terminal will complement these efforts, providing an export outlet for Cedro and third parties.
The auction is the largest port project tendered under the current federal government and marks an important milestone for Portos Rio, the agency that manages Rio de Janeiro's public ports. Francisco Martins , president of Portos Rio , stressed the importance of the project: “This terminal will not only increase the throughput of the Port of Itaguaí, but will also drive socioeconomic growth in the region, create thousands of jobs and increase tax revenues.”