2010-12-31

The China Railway Engineering Corporation (CREC) has presented a proposal to Venezuelan state iron ore producer Ferrominera Orinoco (FMO) to build an alternative rail line, an FMO executive told BNamericas.   "The proposal involves building another line, in addition to FMO's existing lin...

2010-12-31

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...

2010-12-31

Ecuador's state-owned Manta port authority APM is carrying out final studies to start building a large-scale deepwater port facility in 2014, the entity's general manager, Guillermo Moran, told BNamericas.   A special committee is carrying out the studies, which involve cargo handling project...

2010-12-30

Mexico's transport and communications ministry (SCT) invested 77mn pesos (US$6.24mn) in repair and modernization works at 18 airport terminals run by federal airport operator ASA during 2010.   The majority of the funds, some 50mn pesos, went to repairs on the runway at Ciudad del Carmen airp...

2010-12-30

London-based resource group Anglo American (LSE: AAL) and Brazilian logistics company LLX Logistica (Bovespa: LLXL3) have agreed on fixed long-term port tariffs for iron ore shipments from the former's Minas-Rio project.   Under the firms' take-or-pay agreement, valid for 25 years, Anglo Amer...

2010-12-30

Peru's private investment promotion agency ProInversion plans to award the concession of three ports during 1H11.   The Yurimaguas fluvial port in Loreto region is scheduled to be awarded on January 17, ProInversion head Jorge Leon was reported as saying by state news agency Andina.   ...

2010-12-30

The Chilean government has said it may use proceeds from the upcoming sale of its stake in four water utilities to fund the expansion of capital Santiago's metro system.   State development agency Corfo VP Hernan Cheyre visited the offices of state-owned firm Metro on Wednesday to discuss pla...

2010-12-29

Panama City's new Metrobus public transport system has begun operating, with 120 new buses circulating along four routes that form the Corredor Sur line, the presidential website reported.   The buses, manufactured domestically, will replace the second-hand school buses imported from the US t...