Companies Interested in Operating Corinto Port

Companies from Mexico, Colombia and France have shown interest in operating the Nicaraguan port terminal through means of a private concession.

Thursday, June 22, 2017

The possibility of granting in concession the operation and maintenance of the port is something Nicaraguan entrepreneurs have been suggesting to the government for some time, since they believe that using this method, improvements could be made in the efficiency of the terminal's operations.

The president of the Higher Council of Private Enterprise (Cosep), José Adán Aguerri, explained to Elnuevodiario.com.ni that "... companies from Colombia, Mexico, France and another from an Arab country are interested in the concession of the port of Corinto, in Chinandega. Aguerri's statements were made when he was consulted by French company Bolloré Ports, who met yesterday with the government's investment promotion agency ProNicaragua, and said that "they are interested in Corinto."

"...'(The visit by the French company) is part of a process that is being worked on, we are interested as a private sector in Corinto being granted, there is an interest on our part that it be to a private company, as the Government of Honduras did with Puerto Cortes," Aguerri said.

More on this topic

A concession for Port at Corinto

May 2017

The Nicaraguan private sector has proposed that the operation of the port be awarded in concession or a public-private scheme used in order to improve the efficiency and management of the port terminal.

Representatives of the Higher Council of Private Enterprise (Cosep) analyzed the scheme under which the Honduran port terminal in Cortes operates, which was granted in concession to the Central American Port Operator (OPC), to evaluate if it would be feasible to replicate the model in Port Maroon.

A Port on the Caribbean Coast of Nicaragua

October 2014

For the private sector work stoppages at the ports of Limon in Costa Rica, have reaffirmed the urgent need for the country to build a port terminal in the Caribbean.

Costa Rican ports move the majority of cargo from international trade from Nicaragua, therefore abnormalities in the terminal operations affect the transit of Nicaraguan goods, because of the lack of a port on the Caribbean coast.

Optimism Over New Port Law in Nicaragua

May 2013

The new General Law on Ports supports private investment in the development of national port infrastructure.

According to Joseph Adam Aguerri, president of the Superior Council of Private Enterprise (Cosep), the law will enable the sector to "contribute to the improvement of existing ports."

10 companies interested in ports on Costa Rica's Caribbean coast

January 2009

Companies that are interested in the current ports at Limon and Moin and the construction of a new terminal will participate in the first meeting with governmental authorities.

Mipunto.com reports: "Port operators from the United States, China, France, Taiwan, Colombia, Panama, and Chile registered for the first meeting with Costa Rican authorities, regarding an $800 million modernization plan needs to be completed before the termination of the Panama Canal expansion in 2014.

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