Cordoba plans new port close to canal

Industry Database
International operator Hutchison Port Holdings, already with port interests in Mexico, is one party known to be looking at new port development together with various logistics operators in order to establish "cargo pipelines" into the US.

Cordoba Port Company (SPC), which has been established to progress construction of a maritime port in that region of Colombia, is looking for foreign partners to finance the project, according to director Ernesto Vergara. The initial phase of development will cost US$25m, of which 35% will have the support of the Dutch firm Royal Haskoning, which has been tasked with managing a donation from the Dutch government to allow civil works to begin within the next two years. C(rdoba is the only Colombian Caribbean administrative department that does not have a major maritime facility, despite having 124 km of coastline. The aim of the new port will be to boost exports from this region, which include agricultural products and raw materials. The proposed port, which will have an access channel 250 metres wide and 1,200 metres long, will be located close to the Panama Canal, which will give it a trading advantage over other ports in the region, says Vergara.

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