Argentine authorities are considering plans to construct a new deep-water port at Punta Indio and a 50-kilometre long, 50-feet-plus-deep access channel, the Buenos Aires Herald reports. The General Ports Administration (AGP) also envisages creating links to existing hubs at Dock Sud, La Plata and possibly Zárate.
The Indian government has approved proposals to invest $85.21 million in the development of Chahbahar Port in Iran. The proposal will see the port operated via an Indian JV company, composed of Jawaharlal Nehru Port Trust (JNPT) and the Kandla Port Trust (KPT), which will sign a 10 year leasing agreement.
India needs more investment in its ports and shipping infrastructure, according to analysis by the independent research body, Centre for Monitoring Indian Economy (CMIE) but the outlook is positive with the investment climate having picked up in recent months and $950 million of projects in the transport logistics services sector secured between now and 2016.