"The arrival of large enterprises from the steel and thermoelectric industries, as well as the transnordestina railroad, has made it necessary to expand the port," the official said.
The projected investment is additional to projects worth $329.52 million that are underway to expand the port's multipurpose terminal. Work includes expanding the facility's breakwater, docking area and shipyard, and installing a conveyor system to handle coal.
The improvements are expected to increase the terminal's container movement capacity fivefold, the spokesperson said.
Pecem port is located approximately 60km from state capital Fortaleza, in Sao Goncalo do Amarante. The port was initially designed to serve the steel and oil sectors, but now handles containers and general cargo.