Itaguaí Port set to receive R$ 1,2 billion for expansion

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  • Posted on May 26, 2015

    The Itaguaí Port is set to have its loading, unloading and storage capabilities increased by 34%, and should move 60 million tons of iron ore per year. The port’s expansion was made possible thanks to a R$1,2 billion investment made by FI-FGTS, an investment fund run by Caixa Econômica Federal, to Companhia Siderúrgica Nacional (CSN), which will contribute with R$ 527 million of their own capital. The expansion works at Itaguaí Port are set to last for two years.

    The decision was made by the FI-FGTS board this week, after almost a year of pressuring for a decision regarding new contributions. The investment fund was created in 2007 and uses resources from the Guarantee Fund for Length of Service (FGTS) in infrastructure investments.

    Source: Petronotícias