Brazil’s second largest container terminal, Terminal de Contêineres de Paranaguá (TCP), has had its concession renewed early by 25 years after the Brazilian government approved its R$1.1bn (US$310m) investment plan.
The Secretaria de Portos (SEP) granted the contract renewal, beginning in 2023, within the terms of the new regulatory frame of the port sector.
During the first phase of the project, which is scheduled to be completed by the end of 2018, R$540m (US$154m) will be invested to expand the facility in Paraná state in southern Brazil.
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