, Investment in ports in Central America will increase competitiveness

Investment in ports in Central America will increase competitiveness

Guatemala:

The objective of the project Intermodal Logistic Port of Tecún Umán is to convert the border “Ingeniero Juan Luis Lizarral de Arillaga” (Tecún Umán II) in a logistical port. Logistic services will be offered in the terminal port and a terminal for trains and trucks wiil be built to facilitate trade and make more efficient the land transfer of goods between Central America and Mexico.

This project will make the city Tecún Umán in a logistics hub for Central America that will facilitate the work of the main logistics chains in the region while creating economic development and generation of formal employment.

El Salvador:

In the last couple of years there has been a delay in the tender process for the concession of Port La Union. Official sources say that “the port is ready to work,” however depends on the concessionaire which willl have a year to take the port after the concession contract has been signed.

In La Union port there are two projects, one is a free zone that contains logistics services and the other one is the ferry, which not only depends on El Salvador, but also on the possible countries that have been interested in this project such as Nicaragua and Costa Rica.

The tender process estimates that the investment to be made is around US $ 30 million in the next 10 years.

Honduras:

Honduras wishes to attract more tourism by enabling the appropriate port infrastructure. The port manager of “Banana Coast” , port for cruises located in Trujillo – Honduras, agreed that the development of a new spring would cost between US$ 20 and US$ 25 million. This new stage will be carried out depending on the growth and the needs of the new cruisers that arrive at the country.

The investment of the wharf has been close to US $ 30 million and it also has a commercial area that covers 22000 square meters.

The projections that stand out for this year include an increase of 25% in the number of cruise passengers to arrive in Trujillo.

Banana Coast is the first cruise port in land in the country while there are two other modern port facilities on the island of Roatan in the department of the Bay Islands.

Nicaragua:

The economic development of the country and the works of the great inter-ocean canal has increased the needs to modernize the ports in Nicaragua. The country plans to reduce 40% of its dependence in Puerto Cortés in Honduras and Limón in Costa Rica for dispatching or collecting goods to the United States, Europe and South America.

Through the ports of the neighboring countries 4 million tons of shipping are moved and even if Nicaragua remodels the national ports, the employers demand the construction of a new international port.

Puerto Brito will be built in the Pacific, will have 2.8 tons of petroleum products and 1.5 million TEU containers. The terminal of the Caribbean, Puerto Punta de Aguila, will have 2, 8 tons.

The government of Nicaragua wants to build a deep-water harbor at Monkey Point, in the south of Nicaragua. The port would provide an important outlet to the Caribbean Sea. Nicaragua currently has no major port on the Caribbean side of the nation and this project seems to be a solution.

According to official data, the Grand Canal in Nicaragua is a waterway to be constructed that will connect the Pacific Ocean to the Atlantic crossing the Nicaraguan territory from east to west. Oceanic is a path of great timing alternative to the famous Panama Canal. This megaproject will be the infrastructure works largest ever built by man.

Costa Rica:

The launch of the Terminal of Contenedores of Moin, the Atlantic port of the country will improve current load times from the almost 24 hours to only 7 hours.

The port will be able to respond to five vessels at the same time, 365 days a year, thanks to the timing of 18 meters in its access channel, their 2430 meters of breakwaters, the 650 meters in length of spring and the nine gantry cranes planned, you will have the ability to accommodate vessels of up to 7500 containers three times larger than it currently receives.

Panama:

Panama could become the main center of container transshipment of Latin America and the Caribbean, specifically in the area north of Coco Solo, where there is a sustained and growing port development.

The maritime development of north Coco Solo, a former naval base of the United States army in the province of Colon, is due to the fact that there is a complete infrastructure for transport, prepared to interconnect through ports, airports, rail and road. Next to the Colon Free Zone, there is the most commercial area of the Western Hemisphere, where they have installed the main import/export companies, as well as carriers and ship-owners.

The expansion of the Panama Canal is in the construction of two complexes of locks of three levels each with three tubs of water reuse by levels, one on the Pacific side and the other on the Atlantic side, also the widening and deepening of the existing navigation beds of Gatun Lake and the entries of the sea of the Pacific and Atlantic, as well as deepening of the Punta Culebra.

Dominican Republic:

The free zone – multimodal Caucedo has focused its investments in the construction of a regional port post-panamax according to international requirements. Some projects for the upcoming years are  dredging to 15.2 meters, work that will culminate in December 2015. In the long term provides for the expansion of 300 meters of additional length to the main pier, the acquisition of new cranes and dredged to 17 meters.

The talented team of at CENTRAL LAW has advised foreign companies in their participation at international tenders which main objective was to improve the port infrastructure in the region. The most recent examples have been advising IFC at the bidding of Puerto La Union, El Salvador, and advising Ports America in the bidding for Puerto Cortes, Honduras regarding Cargo Terminals and Containers. Both projects aimed to enhance the competitiveness of Central American ports under the Public Private Partnership scheme.

The Department of at CENTRAL LAW has a full domain of the laws governing international bidding processes both in El Salvador and Honduras and other Central American countries where CENTRAL LAW is present.

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