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RIO DE JANEIRO, BRAZIL - A Chinese company entered the competition to manage a section of the Paraguay-Paraná Waterway, joining four European companies seeking to win the concession to deepen the draft and provide maintenance on approximately 1,238 kilometers of the river course beginning in 2021.

The Paraguay and Parana Rivers jointly form a 3,302-kilometer waterway system connecting Argentina, Brazil, Bolivia, Paraguay, and Uruguay. It is a major transportation route for goods from the continent’s interior to the Atlantic Ocean through the Rio de la Plata, and vice versa, and carries nearly 80 percent of Paraguay . . .

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