Feb 19, 2014

• Resources are earmarked for investments in port works, located in the municipality of São João da Barra, in Rio de Janeiro

The Brazilian Development Bank (BNDES) approved a R$ 1.8 billion bridge loan for the project to implement the Port of Açu, controlled by the company Prumo, of the EIG Group. The US group took control of the Port of Açu during the restructuring process of the EBX Group.

The bridge loan is for a set of investments that will allow port works to continue in the municipality of São João da Barra, in Rio de Janeiro.

Standing apart in these investments are basic infrastructure works, civil works relating to hydraulic landfill, dredging of internal channels, access and construction of a breakwater for terminals 1 and 2 (T1 and T2).

T1 will be used to handle oil taken form the the Campos Basin, as well as iron ore. T2, a so-called onshore terminal, will house industries and businesses moving different types of cargo.

The aim of the bridge loan is to allow the company to make initial investments required for the project, while the BNDES analyzes the structuring of the long-term operation.