Uruguayan President Jose Mujica has received a US$3.5bn proposal from a private consortium to build a deepwater port in the eastern part of the country.
Representatives from the consortium met with the head of state and with the country's finance and economy undersecretary, Pedro Buonomo, the presidential office reported.
When contacted by BNamericas, presidential officials declined to discuss the project or reveal the firms involved.
The authorities and the unnamed consortium discussed the port's possible clients, options for construction, and the need for bulk and minerals handling at the port.
Mujica has proposed forming a committee including economy and transport and public works ministry representatives to analyze the project.
The need to build a deepwater port in eastern Uruguay has been under discussion for several years now. Authorities have been in talks for some time with a number of companies and investment groups, including Spain's ACS, to build a port of this kind in Rocha department's La Paloma district.