Monday , 18 November 2019
Latest News
TCP inaugurates Paranaguá expansion works
China Merchants Port Holdings has a 90% stake in TCP

TCP inaugurates Paranaguá expansion works

TCP – the company that manages Paranaguá Container Terminal – has inaugurated the terminal expansion works, which received investments worth over R$600m, making it the largest development in the Brazilian port sector in recent years.

The project included the extension of the quay from 879 m to 1,099 m in length and from 40.75 m to 50 m in width. It also began the operation of two cranes manufactured by ZPMC.

With the expansion and the consequent possibility of the terminal to operate simultaneously three of the largest container ships in Latin America, Paranaguá Container Terminal will increase its handling capacity by 60% from an annual 1.5m teu to 2.5m teu.

Juarez Moraes e Silva, the company’s institutional director, stated: “With this, we are prepared to support the growing demand for exports, imports, cabotage and transhipment in our coverage area for the next 30 years.”

The works also enable the handling of car transport vessels (which will dock in exclusive dolphins).

The project also features the extension of the terminal backyard, which will be expanded from 330,000 sq m to around 500,000 sq m.

TCP’s expansion was part of the agreement for early renewal of the terminal lease for another 25 years starting from 2024, signed in April 2016 with the Federal Government.

Governor of Paraná state Carlos Massa Ratinho Jr said: “The works greatly expand the capacity of the port, strengthen the industry of Paraná and, obviously, Brazil, as they will have the opportunity to export even more, and of course, also strengthen the Brazilian economy.

“It is a very important achievement for our state, consolidating the port of Paranaguá as one of the most important in South America.”