Representatives of the Philippine investment group ICTSI (International Container Terminal Services) met this week with the Minister of Production of Buenos Aires province Mr. Javier Tizado, to announce their intention to participate in the expansion of Puerto La Plata (La Plata port) and its container terminal.
The Manila-based conglomerate would invest U.S. $ 150 million, destined to the expansion of docks, dredging and extension of the TecPlata port terminal. This would increase its capacity from the current 450,000 TEUs (measured capacity in 20-foot containers) between 850,000 to one million.
The works will increase the area to receive containers and the length of docks, which will enable to operate with more ships simultaneously, reducing logistics costs.
he President of the La Plata Port Management Consortium, José María Dodds, pointed out that this project will generate 450 direct and 4.500 indirect jobs, "plus a regional development for all container supply and logistics".
Anders Kjeldsen, representative of the ICTSI group for Latin America, stressed that "it is a strategic investment and a great opportunity for the province of Buenos Aires to have a competitive port."
From December last year, the Provincial Agency for Sustainable Development (OPDS) requires environmental impact studies for dredging ports and channels, including the reuse of materials to fill the coasts.
Source: https://www.cronista.com/negocios/Inversiones-filipinas-para-el-puerto-de-La-Plata-20180112-0043.html
Date : 12 January, 2018
