Valparaiso postponement
Valparaiso is to postpone plans to expand in the face of the recession. This year is not good to go to the markets, manager Harald Jaegar said in a phone interview with Port Strategy.
The company is now projecting going to the markets “early next year”, he added.
Valaparaiso was hoping to raise $350m to fund a new terminal at Espignon to the east of the current port, something that would also double its capacity.
Currently, it is finishing all the necessary studies, including environmental reports, and keeping potential investors informed.
The port will also spend this year finetuning its ZEAL logistics facility which allows it to move containers from an inshore site more efficiently.
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