Port of Paranaguá to auction two areas in Brazil

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The Port of Paranaguá, in Paraná, will auction two more areas on February 24, 2023 for lease on the Brazilian Stock Exchange in Brazil. 

The first terminal PAR09 has an area of 26,576 sq. m and is designed to move and store vegetable bulk. Terminal PAR50 with an area of 85,000 sq. m is intended for liquid cargo. Both terminals are on the west side of the harbor pier. The estimated investment is BRL1.2 billion (US$229 million), of which BRL910.6 million (US$174 million) for PAR09 and BRL338.2 million (US$64 million) for PAR50. There are also other sections of the port that are being studied for future handover to the private sector. Areas such as PAR01, PAR12 and PAR32 have already been leased out in 2019. The investment for PAR01 was BRL87 million (US$16 million), for PAR12 is BRL22 million (US$4 million) and for PAR32 is BRL4.17 million (US$799,118). The lease of PAR14 and PAR15 is in progress.

Auctions provide greater legal and operational security for the port. Subsequently, the port began to receive an amount of winning bids, which until 2019 went to the federal government. The winners have an obligation to invest in areas, which is returned to the government at the end of the lease term.

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