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Mejillones port cargo up 17% in 2010 (Chile)
2011-02-07

Puerto de Mejillones, the operator of northern Chile's region II Mejillones bulk cargo terminal, saw cargo handling rise by 17% in 2010 compared with the previous year.   The port began transferring sulfuric acid for Barrick Gold's Zaldívar copper mine in 2010 and credited increased su...

 
AFE requires US$400mn for network upgrades - VP (Uruguay)
2011-02-07

Uruguay's state-owned railway firm AFE will need an estimated US$400mn to complete an upgrade plan across its network, company VP Juan Silveira told BNamericas.   AFE aims to repair and upgrade the system's 1,650km of operative railways during President José Mujica's term, which ends i...

 
Arab firms to invest more than US$2bn in 2011-2014, says deputy minister (Peru)
2011-02-07

Arab firms will invest more than US$2bn in Peru during 2011-2014, with much of the investments going to the infrastructure, energy and water sectors, state news agency Andina reported.   Companies from Arab countries currently have investments worth US$1bn in the country, including Dubai-base...

 
Cemex posts US$581mn loss as sales begin to pick up (Mexico)
2011-02-04

Mexican cement producer Cemex (NYSE: CX) posted a loss of US$581mn for 4Q10, compared with earnings of US$265mn in 4Q09.   Net sales inched up 1% year-over-year to US$3.5bn as a boost in Mexican operations and other markets offset lower sales from the US and Europe, with infrastructure and re...

 
Sonda defends Metrobus financial administrator contract (Panama)
2011-02-04

Chilean IT systems integrator Sonda has come out on the defensive over questions about it being awarded the contract as financial administrator for Panama's new public transportation system, Metrobús, according to Panamanian press.   At a press conference, Sonda's integration services ...

 
Private sector to invest US$106bn in PAC II projects - ministry (Brazil)
2011-02-04

The second phase of Brazil's PAC growth acceleration plan foresees private sector investments totaling 176bn reais (US$106bn), according to the planning ministry.   Private funds will account for 18.4% of the 959bn reais to be spent under the four-year plan, which runs up to 2014. Public sect...

 
Govts approve lower altitude tunnel studies (Argentina-Chile)
2011-02-04

The Chilean and Argentine governments have signed a bilateral agreement approving studies into improving land transport connections between the two countries.   The agreement was signed during a bilateral meeting of ministers of the two countries, Chile's foreign ministry said in a release. A...

 
Scania's Latin American bus deliveries up 48% in 2010 (Regional)
2011-02-03

Swedish bus and truck manufacturer Scania saw a 48% increase in 2010 bus deliveries in Latin America, with demand in Brazil and Argentina leading the way.   The firm delivered 2,104 buses in the region compared with 1,421 in 2009, Scania said in its year-end financial report.   Booking...

 
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