South America – Page 23
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State banks to finance Brazilian ports
As part of an infrastructure investment programme at Brazilian ports introduced by the new government of Michel Temer, finance could be forthcoming from state banks, such as the Caixa Econômica Federal (CEF) and the Banco Nacional de Desenvolvimento Econômico e Social (BNDES).
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NewsAPMT at risk of losing Callao concession
Peru’s Public Use Transport Infrastructure Investment Supervisory Body (Ositran) is reportedly not happy with work completed so far by APM Terminals at the North Quay in the port of Callao.
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NewsOpen season
Central American ports looking to cash in on the Panama Canal''s expansion. Alex Hughes reports
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Five new port projects for Suape
Thiago Norões, secretary of state for Economic Development in the Brazilian state of Pernambuco, has revealed that projects valued at $650m will be put out to tender at the Port of Suape as part of its Logistics Investment Programme.
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Funds dry up for Itajaí
Maurício Quintella Lessa, the Brazilian Minister for Transport, Ports and Civil Aviation, has confirmed that funds are not available for the second phase development of the basin at Itajaí Port Complex, which encompasses the ports of Itajaí e Navegantes.
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Guaymas to play complementary role to Long Beach
In Mexico, the Sonora state government is promoting the Port of Guaymas as a complementary port to that of Long Beach, in California.
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Colombia needs to confront its logistics bottlenecks
In Colombia, the government and private sector have put together a logistics committee to tackle bottlenecks.
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NewsYilport seals Puerto Bolívar deal
Yildirim Group’s subsidiary Yilport Holding has secured the rights to Puerto Bolívar Port in Ecuador.
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Iquique Phase 2 work to start early next year
Phase 2 development of Iquique port in northern Chile should start by October at the latest, according to Iquique Port Company (EPI), when the bidding process is expected to be launched.
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NewsAdvent mulls Brazilian port sale
Advent International is said to be considering a sale of its stake in the Brazilian container port, Terminal de Conteineres de Paranagua SA, according to local sources.
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All change for Buenos Aires
In the first half of 2017, the government of Argentina is to launch a tender linked to land reclamation in the port of Buenos Aires, which aims to create new quays able to accommodate the largest vessels afloat.
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Brazil investigates BNDES’ bankrolling of Mariel
The Brazilian Minister of Transparency, Monitoring and Control, Torquato Jardim, has revealed that he is investigating why Brazil helped finance construction of the Cuban Port of Mariel. Explaining the reason for the investigation, he noted: “It generates no market for the Brazilians.”
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NewsEcuador showcases port potential
The government of Ecuador has calculated that foreign investment in its ports will have reached $2.1bn by the end of the current year, according to vice president Jorge Glas.
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No to Buenos Aires port privatisation
Ports in the Argentinean province of Buenos Aires will not be privatised, Marcelo Lobbosco, heads of the ports department, has said.
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Work suspended on Colombia's Aguadulce port
The mayor of Colombia’s Buenaventura, Eliécer Arboleda, has ordered all work on the new Aguadulce port to be suspended.
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Minister signals go ahead for new Chilean hub port
Chile''s Foreign Minister used his Twitter account to confirm that construction will now go ahead of a new deep water port at San Antonio, in Valparaíso''s southern zone. The announcement co-incided with the opening of the new locks of the Panama Canal.
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Investors shy away from Brazil investment
Political instability, difficulties in securing finance and legal uncertainty resulting from changes to regulatory frameworks have combined to deter potential foreign investors to Brazilian infrastructure projects, according to Fernando Marcondes, partner at L.O. Baptist-SVMFA.
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NewsExpanded Panama Canal open for business
The first commercial transit of a neo-panamax vessel through the expanded Panama Canal took place on June 26, ushering in a new era of global trade.
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More delays to Brazilian concession programme
In Brazil, Wellington Moreira Franco, the minister responsible for the country’s port concession programme, has asked for patience in respect of difficulties that have emerged in implementation.
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Posorja to become major industrial zone
Otto Bottger, DP World''s commercial manager for the South American west coast and future director of the Posorja container terminal, has confirmed that the operator is to invest $1.2bn in its latest project.
