RIO DE JANEIRO, BRAZIL--(Marketwire - August 12, 2008) - Açu Operações Portuárias S/A, a LLX
Logística S.A. (BOVESPA: LLXL3) ("LLX") subsidiary, and Ferrovia Centro
Atlântica S.A ("FCA"), in accordance with article 157 of Brazilian Law No.
6.404/76 and CVM Instruction No. 358/02, signed, on August 11th 2008, a
commercial agreement pursuant to which both parties have agreed to, among
other things: (i) enter into a long term transportation contract, which
will regulate the rendering by FCA of railway transportation services to
LLX, its customers and/or business associates, for cargoes imported from or
exported through Port Açu, and (ii) the assessment of the investment
required for the recovery of the tracks and the construction of a new
railway spur and for the increase of rolling stock, which may be carried
out by one or both parties to the agreement, with the purpose of ensuring
FCA´s transport of LLX Açu's and its customers cargoes. The upgrade of
the FCA railway will contemplate the investment in the existing railway
branch adjacent to Belo Horizonte, and the construction of a new spur
between Campos dos Goytacazes (RJ) and the Port Açu.
This agreement contributes to the creation of a new import and export
corridor, based on the integration of the FCA railway network and Port Açu.
The commitment of the parties to transport annual volumes should reach 29
million tons of products annually by the end of a 5-year period beginning
at the Railway-Port integration, and includes the handling of different
products, such as minerals, coal, steel products, general cargo and liquid
and solid bulks.
The investment phase will be preceded by engineering and feasibility
studies, customary in the assessment of this kind of project, and which
conclusion is expected in the beginning of 2009. The implementation of
the agreement is subject to the technical and financial feasibility of the
new import and export corridor and the financial feasibility of the
LLX emphasizes, through this agreement, its interest and commitment to
develop this new import and export corridor, addressing Port Açu´s
customers railway demands.
Ricardo Antunes Carneiro Neto
CEO and Investor Relations Officer
LLX Logística S.A.
Further information may be obtained via email firstname.lastname@example.org or (55 21)
About LLX: the Company is implementing three major port systems in the
Southeast region of Brazil, two of them "Super Ports," conceived within the
modern concept of Port Industry with extensive back areas and designed for
operating large and very large vessels.