South America – Page 43
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Costa Rica to modernise ports
The government of Costa Rica is intent on modernising its national port network, which currently occupies the 128th position in the world ranking of container terminals.
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Santo Antonio upgrade outlined
The Brazilian port of Santo Antonio on the Noronha Archipelago is to be upgraded at a cost of $49m incorporating quay reconstruction and dredging of the access channel dredged. The investment will be provided by the National Port Secretariat.
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Birth of South American Pacific ports association
The ports of Calllao (Peru), Buenaventura (Columbia), Guayaquil (Ecuador), Valparaíso (Chile) and San Antonio (Chile) have signed an agreement to create the South American Pacific Port Community (COPASUD).
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APMT to stump up $992m for Limon
Paul Gallie, APM Terminals'' director of Central and South American investments has costed the proposed new container terminal in Costa Rica''s Limón province at around $992m. The reference price in the tender was $950m, but only APM Terminals bid for the project.
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Suape’s triple tender whammy
The North Eastern Brazilian port of Suape has issued tenders for three new terminals. Currently, Suape has five operational quays, with four more under construction. In all, investment will amount to $1.55bn over the next four years.
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Historic year for Uruguayan port traffic
Alberto Diaz, president of the National Ports Authority of Uruguay, has forecast that 2011 will be a record year for container throughput, beating the previous historic high registered in 2008. Last year, throughput rose 12%, with the last quarter setting new records.
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NewsControversy hits Callao concession
Despite an initial judgement to allow DP World to bid for Callao’s Muelle Norte terminal, the claim that this would result in a net loss for the country has reached Peru’s Superior Court.
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NewsEquity acquisition funds TCP
A private equity firm is to acquire half of the shares of Brazil''s third-largest container terminal.
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Manta casts around for cargo
The Ecuadorian port of Manta is trying to attract coffee, cacao, banana and fish cargo generated by the Manabí region of the country that is currently shipped out via Guayaquil or Puerto Bolívar.
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Libra to invest heavily in Brazil
Brazilian container terminal operator, the Libra group, plans to spend $713m over the next five years to double its handling capacity. In all, $327m will be spent at its installations in Santos, where it has five operating areas. A further $149m has been allocated to its Rio de Janeiro operation ...
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Peru's ports need $2bn
Lima Chamber of Commerce estimates that Peru needs to invest $2bn to improve the quality of its ports, equivalent to 20% of all the transport infrastructure requirements in the country.
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Espirito Santo deep water location discussed
The government of the Brazilian state of Espirito Santo is set to make a decision on the location of the proposed $594m new deep water port. In pole position is Praia Mole in Vitória; other candidates are Ubu (Anchieta) and Barra do Riacho (Aracruz). The new facility will be required ...
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APPA targets budget surplus
The state government has intervened to try and allow Brazil’s Paranaguá and Antonina Port Authority (APPA) to gain access to a previous budgetary surplus, which had been frozen by the federal Justice Ministry. However, the state government has made reference to legislation passed in 2009 that allows surpluses to be ...
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Magdalena River upgrade to go ahead
Growing demand in Colombia has led to suggestions that the navigable channel should be reinstated on the Magdalena River, given the difficulty of building roads through the interior of the country.
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Chile to build new northern port
A $300m port has been given the go-ahead by the environmental authorities in Chile.
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Mexican ports to get $745m
Spending on port infrastructure in Mexico in 2012 will top $745m, revealed Juan Molinar, head of the Ministry of Transport and Communications. A significant part of this investment will come from the private sector.
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Three bid for Manuas
Lira group, APM Terminals and an Italian company have all bid to develop the New Port of Manaus in Brazil. The port will occupy a site formerly used by the Amazonas Steel Company (Siderama).
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Brazilian ports struggled in 2010
Logistically, reports suggest that many Brazilian ports struggled to cope with traffic levels in 2010.
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French seek to revive Argentinean terminal project
The French Institute of Independent Financial Studies and Piedrabuena have offered to take over a stalled project to build the Port of Río Grande in Argentina. The debt owed by the original concessionaire, the Ormas-Andrade Gutiérrez consortium, would be assumed by the two organisations, who would invest $180m in the ...
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Latin Americans need port policies
The head of the UN''s Economic Commission for Latin America and the Caribbean, Ricardo Sanchez, has said that Latin American governments need to redefine their port policies as a means of integrating coastal ports with the region''s industrial and production sectors.
