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Tuesday, 09 June 2015

Uruguay tenders for Port of Montevideo expansion

The government of Uruguay has issued plans to tender for a second container terminal at the Port of Montevideo.

Logistics firm Montecon, which currently operates the existing terminal, has admitted surprise at the tender as it places the company as the front runner to win the new concession.

“We have never proposed having our own terminal. We simply needed to deploy gantry cranes in the multipurpose quays in order to compete with the right tools,” Juan Olascoaga, managing director on Montecon said.

The move follows proposals from rival terminal operator Terminal Cuenca del Plata to invest in upgrade work to lengthen available space and challenge Montecon’s dominance at the site.

It has called for government to tender more public works at the site to drive further competition and has previously complained about apparent irregularities between authorities, Montecon and Belgium firm Katoen Natie.

The Uruguayan Transport ministry is keen to expand capacity and has previously studied the development of a deep-water port in the Rocha department, on the Atlantic coast. Authorities are reportedly keen to strike public-private partnerships (PPP) and dispel corruption allegations.

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