Brazilian port authority Portos do Paraná has signed a letter of intent with representatives of one of the largest global container terminal operators, China Merchants Port Holdings (CMPort), a shareholder in the Paranaguá Container Terminal (TCP), which is now set for sizeable expansion.
“Paraná was the first place in Brazil where CMPort chose to invest in 2018 and, years later, the company continues to invest in the state, which shows the credibility and relevance that Paraná has for one of the largest economic groups in the world. This signing comes as another stage in TCP’s infrastructure investments, with the aim of expanding capacity and maintaining the international excellence of its services,” said Luiz Fernando Garcia, the CEO of Portos do Paraná.
The Brazilian ports scene is in a state of flux at present with a host of auctions earmarked. In the accelerated ports sell-off scheme, 22 terminals are scheduled to be auctioned between now and the end of 2025.