Uruguay's government aims to declare a private initiative to build a deepwater port in Rocha department of public interest during H1, an oficial from the presidential office told BNamericas.
Local firm Compañia Oriental de Desarrollo e Inversiones submitted the US$3.5bn private initiative to President Jose Mujica on December 31.
The company represents the consortium that operates Spanish port La Coruña, which includes ACS and OHL, among others. Mujica recently met with ACS president Florentino Perez in Spain to discuss the project.
The port would be located in Rocha's La Angostura district, near La Paloma. Detailed feasibility studies are expected to be submitted to the government by end-March, the official said.
The deepwater port would part of a bi-oceanic corridor that would receive cargo from Uruguay, Brazil and Paraguay.