A major modernisation plan for the Port of Buenos Aires has been unveiled by the Argentinian Government, which will include the development of a new cruise terminal. The public-private project is estimated to be worth US$1.9 billion over 50 years, with a bidding process kicking off today and a first...
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A major modernisation plan for the Port of Buenos Aires has been unveiled by the Argentinian Government, which will include the development of a new cruise terminal.
The public-private project is estimated to be worth US$1.9 billion over 50 years, with a bidding process kicking off today and a first stage involving $300 million of government funding and about $760 million from the private sector.
Officials want to redress a decline in Argentina’s cargo capacity as well as separating passenger cruising from commercial shipping, with the plan envisioning a new rail line, improved traffic flows, a single customs zone and capacity for larger vessels.
Specification documents are online at argentina.gob.ar.
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