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Tuesday, May 13, 2008   Contact Us | Advertising | Company Info | Jobs at BNamericas |    Select Language:Español

Government seeks private investment for 3 port initiatives - Colombia

Published: Thursday, May 8, 2008 15:37 (GMT -0400)

By  Eva Medalla 

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Colombian government officials are seeking investors to develop three private port initiatives in the near future, national planning department head Carolina Rentería told BNamericas.

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These ports will become reality through private sector initiatives, said Rentería, adding that the government's role is to promote private investment in these projects.

One of the projects is the construction of a port terminal in Bahía Málaga, near Buenaventura, on the Pacific coast. According to plans, the terminal will have a cargo handling capacity of 12Mt/y.

The second terminal is a deep water port in Tribugá, also on the Pacific coast. The terminal is expected to have a cargo handling capacity of 8.7Mt/y.

The third initiative is the construction of a port terminal in Turbo, on the Atlantic coast. The expected capacity of the terminal is not clear, as studies are still underway.

The estimated investment required for each terminal has yet to be determined, said Rentería.

Transport ministry official Manuel Campos is currently working on the initial structuring of these projects.

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