Company name

Terminal XXXIX de Santos S.A.

Project number

12974-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Brazil

Sector

Agribusiness

Status

Inactive

Disclosed date

10/16/2020

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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07/08/2021

Approval date

07/08/2021

Signed date

08/13/2021

Sponsoring entity

Caramuru Alimentos S.A. e Rumo S.A.

Team leader

Guedes Kafrune, Maher Alexandre

Investment type

Syndicated amount

N/A

Financing amount

USD $ 42,612,100

Currency

BRL

Project scope and objective

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.


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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

CLASSIFICATION AND ENVIRONMENTAL AND SOCIAL STRATEGY

31.0 Kb

TERMINAL XXXIX - ENVIRONMENTAL AND SOCIAL SUMMARY REVIEW (ESRS)

317.4 Kb

TERMINAL XXXIX - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

143.4 Kb

EIV - ESTUDO DE IMPACTO DA VIZINHAÇA OCT.2020.PDF

5.7 Mb

EEA-0040001 AMBIENTAL OCT.2020.PDF

4.7 Mb

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Contact information

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