NORTH AMERICA

MADRYN NEEDS INVESTMENT

20 years ago

State funding to the tune of $28m is needed for the Argentinean port of Madryn if it is to operate without problems in the future.The majority of the money is needed to repair Almirante Storni quay, which is used for the import and export of aluminium and fish.

Throughput guarantees are included in the concession, which states that 12,000 teu must be handled in the first year, 34,600 teu in the fifth and 58,400 teu in the final year of the concession.