Chile needs to speed up port investment process
29 Aug 2010
Ricardo Sanchez, head of the Infrastructure Services Unit of the Economic Commission for Latin America, says Chile faces a 14.4% annual traffic growth in its ports in the near future.
If this growth continues, Chile will have to duplicate existing port capacity over the next five years.
Despite the fact that $1bn has been spent on upgrading port infrastructure since the beginning of the decade, even more money will be required in the coming years.
However, this requires rapid decision making. "That requires a national policy specifically addressing ports. Today no such explicit port policy exists in Chile," he said.
