Argentina's Santa Fe governor Hermes Binner has presented plans to expand Rosario port and transform it into a container terminal, the provincial government reported in a release.
Santa Fe will invest at least 60mn pesos (US$15.2mn) in the initiative, while port operator Terminal Puerto Rosario (TPR) and local firm Servicios Portuarios (Sepor) will also contribute funds.
Works include building a 350m dock in the area currently concessioned to TPR, which will add 23ha to the port, as well as a 300m dock, budgeted at some 120mn pesos.
The local government also plans to carry out roadworks to improve access to the port and the movement of cargo to and from the terminal, Binner said, adding that "it will be impossible to access the port without [these roadworks]."
The roadworks are expected to be financed with part of a US$3.5bn loan recently issued by the World Bank, IDB and CAF to improve infrastructure in the country.