The concession of a new bulk cargo terminal in Uruguayan capital Montevideo's port will generate US$600,000/y in canons for the state, a spokesperson from the terminal's concessionaire, Grupo Christophersen, told BNamericas.
The port authority signed a 20-year concession contract with Grupo Christophersen subsidiary Obrinel on December 30. Local construction firm Saceem also has a 49% share in the project.
The group will invest US$48mn in works, which will include building the terminal and a docking area at the port.
The specialized facility will handle mainly woodchip and general bulk, with capacity to handle around 800t/y, according to the official. Operations at the terminal are scheduled to begin in January 2013.
Obrinel was the only firm that submitted an offer for the terminal during the tender held by national port authority ANP last year, according to a port authority release. Grupo Christophersen first presented a private initiative to build the terminal in 2004.