TCP to invest R$2.5 billion in expanding container operations at Paranaguá

The Paraná Goverment said that TCP (the Paranaguá Container Terminal) plans to invest around R$2.5 billion in the coming years in the Port of Paranaguá and generate 10,000 jobs. The company intends to set up a logistics park with the capacity to serve 200 trucks simultaneously, a warehouse covering 20,000 square meters, and railway lines. In addition, it plans to increase cargo collection in Paraguay.

TCP already operates the largest container terminal in the country, with a capacity to handle 2.5 million TEU per year.  The chart below shows cargo imports and exports via TCP on a monthly basis since January 2017:

In addition to TCP’s investment, the Government of Paraná will invest R$600 million in infrastructure works on the coast. The resource will be made available after the release of the R$1.6 billion financing raised from a consortium of banks. In addition, the Finance Department is studying modernizations in the tax regime to increase the competitiveness of companies operating in Paraná ports.

The ongoing maintenance works on the drafts for the Ports of Paraná bring together a total public investment of R$403 million over the next five years. In addition to the areas of the Port of Antonina and the berths at Paranaguá, the draft maintenance program will also include the access channel and evolution basins of Paranaguá (Alfa, Bravo and Charlie areas).

TCP manages the largest container terminal in South America and employs 1,200 people on the coast. Since March 2018, the company has been part of the China Merchants Port Holding Company (CMPort) portfolio, China’s largest public port operator.

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