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MeneameUruguay's national port authority (ANP) will not hold a tender process to concession a new container terminal in Montevideo port, an ANP official told BNamericas.
Instead, President Tabaré Vázquez signed a decree on October 26 calling on ANP to create a limited company which will then be sold off directly via an auction.
The firm will be responsible for the construction, administration, maintenance and operation of the terminal over a period of 30 years.
TRANSFER TO PRIVATE SECTOR
Once the firm signs the concession contract with ANP, the company will be offered for auction. The move is designed to speed up construction of the new terminal, as it avoids the longer tender process, the ANP official said.
The auction will be held some time between March 1 and June 1 of next year, the official added. The buyer must offer a minimum of US$1.2mn to purchase the shares of the company and the funds will be transferred in full to ANP.
The shares will be purchased by a single company or consortium which must meet a number of operational, technical, economic and financial requirements established by ANP. The buyer must also have port construction and operating experience and 50% or more of its shares must be owned by a container port operator, the official said.
The operator will pay ANP a monthly canon, as well as the going rate for any additional services ANP provides.
The new facility will complement the port's only container terminal, Terminal Cuenca del Plata (TCP), which is owned by the Belgian firm Katoen Natie (80%) and ANP (20%).
Unlike TCP, the new container terminal will be fully private and will thus prevent a monopoly at the port, ANP director Santiago Sotuyo told BNamericas in a previous interview.
To read the presidential decree in English, go to this link
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