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Carib And Latin America Investment Shortfall

Wednesday, 25 July 2018 | 16:00

The Banco de Desarrollo de América Latina, or Development Bank of Latin America (CAF), has issued a study it has undertaken into port investment in Latin America and the Caribbean up to 2040 that suggests a spend of €50bn is necessary over the next two years.

Investment, which will have to come from both the public and private sectors, is needed to boost capacity in container handling, as well as upgrading operations and undertaking short to medium-term dredging projects.

The main focus for the majority of the investment will be in Mexico (24%), Panamá (16%) and Brazil (13%).

The report’s author, Rafael Farromeque, notes that the next two decades could prove attractive for investors given a variety of factors, including a forecast rise in regional GDP, industrial and technological diversification, the strengthening of the services sector and an improvement in logistics corridors.

The result could see a tripling of container throughput to 150m teu, with more than 20 ports handling in excess of 2m teu, compared to just six today.

Upgraded ports would also be capable of handling the largest vessels afloat, thereby enabling destinations in the region to form direct connections to major global shipping routes, which will additionally improve short-sea and inland waterway traffic.
Source: Port Strategy

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