South America – Page 43
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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.
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NewsReturn of Mexico’s mega-port plan
Mexico’s seaborne traffic is booming and this has set the stage for the return to the table of the mega-port project, Punta Colonet.
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Bolívar launches long-awaited tender
Ecuador’s Puerto Bolívar has finally issued a tender to build Berth 5 after nearly 17 years of planning. Total investment of $43m will be divided between the government and the Port Authority. The quay, which will be 240 m long, will be equipped with quayside gantry cranes to allow containerised ...
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New South American port mooted
The governments of Bolivia, Paraguay and Uruguay are seeking finance from the South American Regional Infrastructure Integration Initiative fund to finance pre-feasibility studies for the construction of a deepwater port on Uruguay''s Atlantic coast. The fund was set up by 12 South American countries to promote regional infrastructure integration.
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Fortaleza nets infrastructure funding
Brazilian Ports Minister, Pedro Brito, has made available $10.27m to the Ceará ports authority for the improvement of the Port of Fortaleza. Part of the money will be spent on upgrading paving and on building a general warehouse. A new installation for reefer containers will also be acquired.
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NewsChilean port tenders inspire bidders
Container terminal tenders for Valparaíso’s Terminal 2 and San Antonio’s Terminal Costanera Espigón have attracted interest from 17 potential bidders.
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Callao terminal up and running early
The latest and largest container terminal on South America’s west coast has been officially opened, a year ahead of schedule after just over two years of construction work.
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Brazil’s u-turn on concession extensions
The Brazilian government has declared that it will not extend concession agreements signed by port terminals before the 1993 Modernisation of Ports Act in contradiction to a resolution passed by the National Waterway Transport Agency (Antaq) allowing such renewals.
