French logistics group CMA-CGM to invest US$63mn in Ceará
French logistics group CMA-CGM is planning to invest 320mn reais (US$63mn) in Ceará state.
The company signed a transitional lease agreement with Companhia Docas do Ceará and has already invested around 80mn reais in the terminal at Fortaleza port since April, when it took over operations.
The overall investment includes a strong sustainability component, CMA Terminals vice president Remi Boquillon said, according to a ports and airports ministry statement.
Operating 60 port terminals worldwide, the company focuses on fruit exports in Brazil. Ceará port complex is strategically located to reach the US and European markets.
“The Port of Fortaleza was our first investment in Brazil, and we are confident that we will close other deals here,” said Boquillon.
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News in: Infrastructure (Brazil)
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