Costa Rica: Petroleum Dock is Urgent
A new $88 million terminal would allow Recope, the state-owned oil refinery, to lower crude importing costs.
Monday, August 3, 2009
The current dock allows a hull draft of 9.5 meters, which is too shallow for ships entering at full capacity, so they must bring the cargo half loaded or at three quarters capacity, making it more expensive.
The green light has been given to a contract between the Costa Rican Oil Refinery (Recope) and the ICA-MECO consortium for the works which will cost $97 million.
The consortium will have 26 months to develop the oil dock project at Moin, at a cost of $96 million.
The Dutch consortium Van Oord Dredging and Marine Contractors BV will be in charge of dredging the port on Costa Rica's Caribbean coast.
The Controller of the Republic of Costa Rica has confirmed the award of the works on the oil terminal to the consortium ICA-MECO.
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