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Paraguay's national ports authority ANNP signed an agreement with Argentine-Paraguayan consortium Gregser-PTP Warrant to jointly operate Villeta port, in Central department.
It will be run under a public-private partnership (PPP) model, the government said in a release.
Gregser-PTP Warrant also operates ports in Argentina and Uruguay which helps facilitate integration of cargo services, according to the consortium's head, Guillermo Miciano.
The move will lead to an increase in the number of specialist workers needed as new services are required to meet international demand, ANNP head Héctor Duarte said.