Port of Paranaguá Secures R$910 Million Investment with Successful Auction of New Area

Port authority Portos do Paraná successfully auctioned out another area at the Port of Paranaguá on Wednesday (13). The PAR09, spanning approximately 26,500 square meters, was acquired by the Investment Fund Q-PAR09, which is set to invest R$910 million in infrastructure improvements over the next five years, generating 150 direct jobs. The winning bid was R$615,000.

The public company of the State of Paraná, which oversees the Delegation of Competences from the Union since 2019, became the first public port authorized to lease port areas and facilities in the region. This marks their fifth auction held.

Governor Carlos Massa Ratinho Junior, present at the auction, celebrated the outcome, marking the fifth area of the Port of Paranaguá granted to private initiative since 2019. “The ports of Paraná have set consecutive records of efficiency and have been recognized for four years in a row as the best port management in Brazil. These concessions are bringing investments to idle areas and helping to strengthen the economy of Paraná,” he said.

Luiz Fernando Garcia, CEO, stated, “This is another auction conducted by the State Government and Portos do Paraná, providing almost R$1 billion in infrastructure investment over the next 5 to 6 years. Since 2019, it is the fifth area auction we have directly led as part of the plan to leverage around R$4 billion in improvements for Paranaguá.”

According to Mauricio Silveira, a representative of the Investment Fund Q-PAR09, the lease of the area, the group’s second – the other is in Vitória, Espirito Santo – represents a significant business opportunity. “It is a pleasure to be a part of this process.” We identified a fantastic opportunity to operate in Paranaguá, where there is significant demand, with a substantial investment for the city and state,” he added.

According to the tender’s terms, the winning group will be responsible for the area for 35 years. The winning company’s qualification is expected to be published in early 2024. The contract with the group will also be signed in the first semester of next year.

See below which were the top most exported products shipped from the Port of Parangua from January to October 2023. The data is from DataLiner.

Paranagua Top Exports | Jan 2023 – Oct 2023 | WTMT

Source: DataLiner (click here to request a demo)

ABOUT PAR09 – Located at the Port of Paranaguá‘s westernmost end, the PAR09 terminal covers 26,576m², including a berth area to be built by the winning company intended to handle and store solid bulk of plant-based origin. After the planned investments, the static capacity of the terminal will be 162,000 tonnes, resulting in a 3,159,000 tons/year dynamic.

PAR09 also made it to the Investment Partnerships Program (PPI) through decree No. 10,743/2021, prioritizing the project within the Federal Government’s concession program. The private concession contract lasts 35 years, with an estimated three-year pre-operational period.

In the project’s modeling, estimated investments amount to R$910 million and include the construction of 9 new storage silos, along with investments in common areas, such as the construction of the 1st phase of pier “F” and funding for the structuring of a logistic support area for the west corridor of the port.

Source: Informativo dos Portos

Click here to read the original news report: https://www.informativodosportos.com.br/com-leilao-de-nova-area-porto-de-paranagua-recebera-r-910-milhoes-em-investimentos/

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