Brazil’s national waterway transport agency has approved modifications to the technical and legal documents for the ITG02 terminal of the Port of Itaguaí in Rio de Janeiro state.  

The upcoming project is scheduled to be established at the Port of Itaguaí in Rio de Janeiro, with a planned investment of BRL3 billion (US$605 million). Covering an area of 348,937 m², it will be dedicated to iron ore handling. Upon its completion, this facility will significantly bolster the Port of Itaguaí's iron ore throughput capacity, capable of managing nearly 400 million tons throughout the contract duration. The terminal is anticipated to undergo auction proceedings later in 2023. 

The initial draft of the public notice has been greenlit following a public consultation phase, which gathered input and recommendations for refining the technical and legal documentation for the bidding process. Currently, the process is being forwarded to the Ministry of Ports and Airports for their assessment, after which it will be submitted to the TCU (Union Court of Accounts).