Uruguay Expansion at Montevideo Port
The Government of Uruguay extended the concession of Montevideo’s port container terminal to the Belgium company Katoen Natie, until the year 2080.
The Government of Uruguay extended the concession of Montevideo’s port container terminal (Terminal Cuenca del Plata) to the Belgian logistics company, Katoen Natie, until the year 2080. Katoen Natie, will invest USD $455 million in the expansion of its specialized container terminal over the next 10 years. The investment project will expand the concession area including the construction of a second container terminal with an area of approximately 22 hectares and the construction of a second pier with a length of 700 meters and planned depth of 14 meters. In addition, the company intends to invest in:
- New gantry cranes and horizontal transfer equipment
- Improvement and modernization of cargo truck access systems
- Repavement of the container existing terminal
- New computer and control systems
Once the project is completed, the Port of Montevideo will have a specialized state-of-the-art terminal which will double its current capacity to be able to service some of the largest container ships. The two docks, which will total more than 1,300 meters in length, will allow Terminal Cuenca del Plata to service 4 container ships simultaneously.
This increased capacity and cargo concentration will improve the efficiency of the overall operation, reduce the per container cost and increase the Port of Montevideo’s regional competitiveness.
U.S. companies involved in logistics/port field are encouraged to contact the U.S. Department of Commerce in Montevideo, Uruguay for more information: Office.Montevideo@trade.gov.