Nicaragua unveils port investment strategy

Executive president Virgilio Silva has said that a brand new port is to be built at Bluefields, on the Caribbean coast, while the Port of Corinto will be rebuilt and create a dedicated terminal for cruise ships.

Corinto will also have a working gantry crane for containers and the dry bulk terminal will be modernised and upgraded, as will existing infrastructure to allow six vessels to dock simultaneously.

All buildings and operating areas will be computerised. $163.2m has been allocated for this phase.

In the south Caribbean, the Inter-American Development Bank will finance a study to evaluate the construction of a port specialised in handling cargo from the US and Latin America.

According to Mr Silva, investment will be made in proportion to Nicaragua’s productive diversity.