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Luiz Fogliatto Maritime Terminal (Termasa) Recovery

Sector: Consumer Products • Location: Brazil

Source: World Bank Group

Project
Active

"This project entails the recovery and reconstruction of the Luiz Fogliatto Maritime Terminal (Termasa), located within the Port of Rio Grande (RS) in Rio Grande do Sul, Brazil. The terminal, which facilitates the reception, storage, and shipment of products and grains for domestic and international markets, sustained damage when heightened currents caused a ship to collide with the pier. The init

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The project “Luiz Fogliatto Maritime Terminal (Termasa) Recovery” is an infrastructure initiative in the Consumer Products sector, located in Brazil. Taiyo aggregates data on it from World Bank Group.

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Description

Description

"This project entails the recovery and reconstruction of the Luiz Fogliatto Maritime Terminal (Termasa), located within the Port of Rio Grande (RS) in Rio Grande do Sul, Brazil. The terminal, which facilitates the reception, storage, and shipment of products and grains for domestic and international markets, sustained damage when heightened currents caused a ship to collide with the pier. The initiative is sponsored by the CCGL Group. The total project cost is $69 million (R$400 million), with $64 million (R$373.4 million) financed through a loan from the National Bank for Economic and Social Development (BNDES) and the remaining $5 million contributed by the sponsor. Financial closure for the project was achieved on November 14, 2024." https://agenciadenoticias.bndes.gov.br/detalhe/noticia/BNDES-aprova-R$-37346-mi-para-reconstrucao-de-terminal-no-Porto-de-Rio-Grande-RS//

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Source reliability

High

Data quality score

100%

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More Details

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