Bunge consortium awarded Rio de Janeiro wheat terminal

In Brazil, the Maravilha consortium, which was put together by Bunge and M.Dias Branco, has been awarded the concession for the Terminal de Trigo (Wheat Terminal) in the Port of Rio de Janeiro. The concession is for 25 years, with the possibility for a renewal period of a further 25 years upon expiry.

In the tender organized by the National Waterways Transport Agency (Antaq), it put forward a bid of $360 million.

The RD J05 terminal involved covers an area of more than 13,000 square metres and was included in the private sector development initiative known as the ‘Growth Project’. It will require investment of $28.5 million.

The total value of the contract is $158 million, with the concessionaire paying an additional $11,900 per month and $0.40 for every tonne moved.

BC