On October 24th, the Port of Rotterdam Authority, and Camilo Santana, Governor of the Brazilian state of Ceará, signed an investment agreement regarding the Port of Rotterdam Authority’s participation in the development of the port of Pecém.
The agreement outlines how the Port of Rotterdam Authority will be investing about EUR 75 million in Pecém’s port-industrial complex. The Port of Rotterdam will also 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 definite participation agreement is expected to close before the end of 2018.
Pecém has several logistics and industrial facilities, including a container terminal, power plants, a steel mill and wind turbine manufacturers. Another feature of the Port is that a large share of the required infrastructure for the port-industrial complex has already been developed.
What is more, the state of Ceará has recently invested in a number of international partnerships in order to develope the region as a hub of international connections for Northeast Brazil.
In addition, the state is establishing underwater data cables for telecommunications that connect Northeast Brazil with Africa and the USA.
