A new concession for Paraguay’s Hidrovía waterway is projected to generate annual savings exceeding $450 million, according to grain producers. The savings are based on planned dredging and increased cargo capacity for vessels navigating the country’s key navigable river over the next 25 years. Belgian firm Jan De Nul won the tender for the concession, outlining commitments to improve the river’s draft and overall shipping capabilities. These improvements aim to reduce transportation costs for agricultural exports, boosting the competitiveness of Paraguayan grain. The project focuses on maintaining and enhancing the waterway to accommodate larger vessels and greater volumes of cargo. Industry stakeholders anticipate significant economic benefits from the modernized Hidrovía. The concession agreement details specific work schedules and performance targets for Jan De Nul over the quarter-century period.