International Container Terminal Services Inc. (ICTSI) is investing R$948 million (P1.03 billion) to expand and modernize the operations of Rio Brasil Terminal at the Port of Rio de Janeiro. The project, to be executed between 2025 and 2029, will increase the public terminal’s operational capacity by 70.5 percent from 440,000 TEUs (terminal equivalent units] per year to 750,000 TEUs per year, consolidating Rio de Janeiro as a reference logistics hub for the Southeast and Midwest regions of Brazil.
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