BRAZIL UNLOCKS BRL 1.1 BILLION TO DEEPEN PARANAGUÁ PORT ACCESS

The Board of Directors of the Merchant Marine Fund (FMM) has approved BRL 1.089 billion in investments for the concession of the access channel to the Port of Paranaguá (PR), with the auction scheduled for August. This initiative, requested by the National Secretariat of Ports, aims to attract investors by offering favorable financing terms. In addition, BRL 5.3 billion was allocated to 17 projects, including the construction of four RSV maritime support vessels. Altogether, the funding will support the construction, repair, and modernization of 70 vessels. Minister Silvio Costa Filho said that the initiative underscores the government’s commitment to revitalizing Brazil’s shipbuilding industry.
Source: Agencia Infra (*Translated by Ia Niani)