Rotterdam signs investment agreement for Pecém

Allard Castelein and Camilo Santana Allard Castelein and Camilo Santana, Governor of the Brazilian state of Ceará, sign an investment agreement regarding the Port of Rotterdam Authority’s participation in the development of the port of Pecém. Credit: Port of Rotterdam
Industry Database

The Port of Rotterdam Authority has signed a EUR75m investment and development agreement for the Port of Pecém’s port-industrial complex, constituting a 30% share in this enterprise.

Additionally, the port 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 finalise the agreement before the end of the year.

Port authority CEO Allard Castelein said: “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.”

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.

A large share of the required infrastructure for the port-industrial complex (breakwaters, berths, land, etc) has already been developed.

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