The National Waterway Agency (Antaq) has signed a contract with ArcelorMittal to run a port installation in the state of Espi´rito Santo, where the company will oversee the movement and warehousing of cargo at Terminal de Barcac¸as Ocea^nicas. ArcelorMittal has effectively been granted a 25-year concession to operate the 854,000 m2 terminal for its own dedicated traffic. Contract extensions could be granted after that period in return for additional investment.