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Cotema, a consortium comprising Italian firm Saipem and Colombia's Termotécnica Coindustrial de Medellín, has been awarded an engineering, procurement and construction (EPC) contract for Antioquia port in the Colombian department of the same name.
The announcement was made by Puerto Inversiones y Obras (PIO SAS), the private entity in charge of the development of the new terminal, located in the Gulf of Urabá on the Caribbean Sea, local daily Portafolio reported.
The US$600mn private initiative involves the construction of a multipurpose terminal with an annual handling capacity of 7Mt cargo and 1.2mn TEUS. The project envisions a three-lane, 4.2km road to connect the port with the hinterland.
Construction is expected to start in 2017 and the port is expected to be in operation towards the end of 2019.
Pio also awarded a supervision contract to a consortium comprised by France's Egis and Colombia's Agua & Terra.