FTS Group has won an auction for the Paranagua port terminal project in Paraná, Brazil.

The group will be responsible to invest US$64.91 million in expansion works at the port's terminal PAR50 which deals with the transport and storage of bulk liquids. The auction was won with a lonely bid of US$191,938, a second terminal, PAR09, for solid bulks had no bidders. 

The minimum investment for bidders of the PAR09 terminal is BRL910.6 million (US$ 174.9 million). The port deals with the shipping activity of grains and sugar, amid an uptick in the country.