Two new terminal concessions in Latin America
Following three years of uncertainty, Argentina's General Ports Administration (AGP) is to issue a new tender covering the operation of Terminal 5 at the Port of Buenos Aires. The existing Bactssa concession officially expired in 2012, but has temporarily been extended.
The new concession will last for a minimum period of four years, with the possibility to extend that period by a further twelve months. Investment of $13m will have to be pledged, covering both civil works and equipment upgrade, while the new concessionaire will be expected to maintain the present workforce at existing labour rates and seniority levels for at least two months.
Separately, in Honduras, a private sector company has put in a request to reactivate, modernise and develop the port terminal at Punta Castilla. Any rival interests have until August 27 to present their own projects, which will be assessed by the Commission for the Promotion of Public-Private Partnerships (COALIANZA).
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