Chilean ports need investment
The Cámara Chilena de la Construcción (Chilean Construction Association) has calculated that Chile needs to invest $5.242bn in port infrastructure from 2018 to 2027.
Of this, $2.842bn is needed to upgrade existing installations and a further $2.4bn to build the planned deep-water port.
In a concrete development, Copec has applied for environmental clearance on its “Terminal de Productos Pacífico” (“Terminal of Pacific Products”) project at the Port of Coronel.
This will require investment of $123m for a terminal for the handling and distribution of fuel.
Copec argues that such a terminal is needed to give more freedom in this market in central Chile, as well as providing more fuel security to that part of the country in the case of a major disruption of supplies elsewhere.
The terminal will be able to accommodate vessels of up to 75,000 dwt at an island-style berth.
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