The board’s July 16 meeting approved 15 projects worth a combined R$10.8 billion, including Porto Sul. The Ilhéus terminal will handle iron ore, grains, and pulp with planned drafts of 15 to 18 meters, linking to the 1,527‑km Fiol railway. Construction costs are estimated at R$5.6 billion over 25 years; Fiol 1 is 75% complete and Fiol 2 is 70% complete, though work between Ilhéus and Caetité has been suspended since April 2025 while the concession transfers from Bamin to Mota‑Engil.