Port of Rotterdam Authority invest $85.5m in Brazil’s Port of Pecém

The Port of Rotterdam Authority CEO Allard Castelein and the Governor of the Brazilian state of Ceará, Camilo Santana, have signed an investment agreement on the participation of the Port of Rotterdam Authority’s in the development of the port of Pecém.

The Port of Rotterdam Authority will invest $85.5m in Pecém’s port-industrial complex, constituting a 30% share in this enterprise. In addition, the Port of Rotterdam Authority will gain a joint say in strategic and investment decisions as well as representation in the Brazilian port’s Executive Board, Supervisory Board and management.

The partners expect to conclude the definite participation agreement before the end of 2018.

“Our participation in the port of Pecém is a great opportunity. This port has clear growth potential and its strategic situation gives it a strong position for developing into Northeast Brazil’s foremost logistics and industrial hub. This in turn will create new opportunities for international trade flows and investments from Europe,” said Castelein. 

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With an average growth of 22% in the past decade, Pecém is developing at a rapid pace. 

Pecém’s port-industrial complex is home to numerous logistics and industrial facilities, including a container terminal, power plants, a steel mill and wind turbine manufacturers. Another feature adding to Pecém’s appeal is that a large share of the required infrastructure for the port-industrial complex (breakwaters, berths, land, etc) has already been developed.

The state of Ceará has recently invested in a variety of international partnerships aimed at further developing the region as a hub of international connections for Northeast Brazil. 

Posted 29 October 2018

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Michele Labrut

Americas Correspondent, Seatrade Maritime News

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