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Chile’s Valparaíso port to double in size

Chile’s Valparaíso port to double in size
The Chilean port of Valparaíso is expected to double in capacity by 2017, following a $350m investment from Spanish company OHL Concesiones.

OHL Concesiones won a 30-year concession to build and run the terminal on 3 April this year. The company outbid Ports America, Empresas Navieras and Besalco for the opportunity to operate the terminal, offering to invest more than $345.8m. The government aims to secure further investment to reach a target of $507m for development of the terminal.

Valparaiso-Terminal 2 will see the construction of a second terminal similar in size to the existing port and will increase Valparaiso port capacity to 22m tonnes of cargo and 950,000 teu and will be able to deck simultaneously two post-panamax ships, of 22 containers wide. 
“We are enhancing Chile’s competitiveness and repositioning ourselves as leader in the regional port market,” Transport Minister Pedro Pablo Errázuriz said. Since 2011, the Chilean government has invested in excess of $1.8bn into increasing the capacity of Chilean ports.

With the expansion, Valparaíso would become Chile’s largest port, overtaking San Antonio.  Valparaiso’s main cargoes are fruit, copper and iron.

TAGS: Europe Ports