Puerto Nuevo to handle 30Mt/y of coal

- Thursday, December 23, 2010

Puerto Nuevo to handle 30Mt/y of coal

Colombia's Nuevo Puerto coal port in Magdalena department's Cienaga city will handle 30Mt/y of coal, according to projections by the country's national planning department (DNP).

The facility was initially expected to handle 40Mt/y of coal. However, studies showed that capacity will be significantly less during the first few years of operation, according to DNP documents obtained by BNamericas.

Construction of the port is expected to start in 2011 and will require an estimated US$60mn investment. The facility's first phase will be ready by 2012.

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National concessions institute Inco awarded the port's 30-year concession to the consortium Sociedad Portuaria Puerto Nuevo in August of this year.

The firm will be responsible for the construction and operation of the direct loading coal port, located in Magdalena department's Cienaga city, BNamericas reported previously.

Construction will wrap up in 2013, when the facility is scheduled to begin operating at full capacity.