Friday 21 November 08 - 23:41
 

News Americas

COLOMBIAN PORT COMPANIES NEGOTIATE EXTENSION

The Colombian Transport Minister has revealed that an initial agreement has been made between the government and the port companies of Santa Marta, Barranquilla and Buenaventura in respect of the renewal of their management agreements.

An investment plan has been drawn up, although the exact proportion of matching funding from the port authorities has not so far been agreed. Furthermore, the management bodies will have to pay an annual levy based on the productivity of each port. At Barranquilla, an agreement has been reached covering access channel maintenance and expansion of the port by 274 hectares.At Buenaventura,works are to go ahead to deepen the access channel, while the port authority will invest in upgrading infrastructure.

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