Terminal XXXIX (IDBI-12974-01)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
City of Santos
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jan 19, 2021
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Terminal XXXIX de Santos S.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 173.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 173.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS May 28, 2021

Disclosed by Bank Dec 20, 2020


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The project consists in a 10-years senior loan, with up to 3-years grace period, for the financing of the port terminal facilities expansion of Terminal XXXIX de Santos S.A. (“T39”) located at the Port of Santos in the state of São Paulo, Brazil. Founded in 2001, T39 is owned in equal parts by Caramuru Alimentos S.A. (“Caramuru”) and Rumo S.A. (“Rumo”) (Rumo and Caramuru together, the “Sponsors”), representing a highly strategic asset for both Sponsors, who will also be participating as co-obligors of the transaction. Caramuru exports 90% of its products through T39, while Rumo transported most of its grain through T39.

The terminal expansion plan has the main objective of easing the flow of growing exports from Caramuru and other third parties, by increasing its warehousing capacity from 135,000 tons to 247,000 tons. After completing the project, T39 will be single largest grains terminal in Santos, with strong competitive advantages in terms of land infrastructure, berthing conditions, and logistics business integration. T39 will increase its volume handling from 2.5 million tons per year, to around 7.5 million tons per year, an important contribution to accommodate the increasing demand for export cargo handling in the Santos port. Rumo is Brazil’s largest logistics operator in terms of transported volume. It provides rail transport, port handling, and warehousing services. Rumo operates the largest railroad network in Brazil, consisting of five concessions with approximately 13,500 kilometers of lines, 1,200 locomotives and 33,000 wagons, as well as distribution centers and storage facilities.

Caramuru is a leading Brazilian grain processing company which engages in the processing, refining, and marketing of soybean related products, biodiesel, corn, and sunflower products in Brazil. It is among the top Brazilian exporters of soy.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Loan & Guarantee

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Terminal XXXIX de Santos S.A. Client Infrastructure

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

For inquiries about the Project please contact to Terminal XXXIX:

Name:                                      Ademilson Vitorino Alves

Title:                                        Gerente Administrativo/ Financeiro

Phone numbers:                     (13) 3278-5001 -  (13) 99108-1777

E-mail:                                     ademilson@terminal39.com.br

For questions and comments to IDB Invest please contact:

Name:                                      BID Invest Communication Group

E-mail:                                      requestinformation@idbinvest.org

Additionally, affected communities can access the BID Invest’s Independent Consultation and Investigation Mechanism (ICIM) as follows:

Phone number:                        +1 (202) 623-3952

Fax number:                             +1 (202) 312-4057

Address:                                   1300 New York Ave. NW Washington, DC. USA. 20577

E-mail:                                        mecanismo@iadb.org ou MICI@iadb.org

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How it works