Paranagua set for US$453m expansion and concession extension
Brazilian container terminal operator Terminal de Contêineres de Paranaguá (TCP) looks very likely to invest 1.1bn reais (US$453m) and have its concession extended by 25 years.
Agreement has been reached with national waterways regulator Antaq for a joint package of investment plans and concession extension until 2048.
The decision must now be finalised by the ports department, a decision about which TCP is “very optimistic that this will happen in the very near future”, according to a spokesperson.
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