Nicaragua: Financing sought for Monkey Point
The port project at Monkey Point, on the southern Caribbean coast and for which studies have already been completed, will have a global impact as it will have to capacity for 100 thousand ton ships to dock there.
Monday, August 18, 2008
A model from the National Port Company (EPN) indicates that the Monkey Point port, when completed, will include: storage for bulk cargo, cold-storage container terminal, liquid cargo terminal, cruise ship area, free zone, grain silos, railway, heliport and probably even an airport, to name a few. The port is expected to be one of the best in the region. The project is urgently needed by the business sector of the country, which has seen the export of their products grow more expensive at close to $1000 per container, since they have to transport their cargo to Puerto Cortes, in Honduras, and to Limon, in Costa Rica, in order to sell in Europe, the east coast of the United States and other markets.
The government has rejected Korean proposals for financing the proposed deepwater port at Monkey Point in the South Atlantic.
The Brazilian construction company Andrade Gutierrez will conduct feasibility studies for construction of the port in the Nicaraguan Caribbean.
Sit-Global consortium, which is pushing for the construction of a ‘dry canal’, is to bid in the port construction project.
The Legislative Assembly could pass the bill on the first trimester of 2010.
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