The port of Santa Marta, equipped with the deepest natural drought in Colombia, is moving into the growth area of containers in a bid to take a slice of the Caribbean transhipment market.
As part of its negotiation with the government to renew its concession, the Sociedad Portuaria Regional de Santa Marta says it will invest up to $150m to develop a container operation that will match its existing coal and grain facilities.
In the first phase, existing general cargo berths would be reinforced and extended to 400 m with the addition of a new 200 m berth.
Total capacity at the new facility would be 420,000 teu in the first phase of development and up to 600,000 teu with the inclusion of a free trade zone outside the existing port concession area.
As part of its negotiation with the government to renew its concession, the Sociedad Portuaria Regional de Santa Marta says it will invest up to $150m to develop a container operation that will match its existing coal and grain facilities.
In the first phase, existing general cargo berths would be reinforced and extended to 400 m with the addition of a new 200 m berth.
Total capacity at the new facility would be 420,000 teu in the first phase of development and up to 600,000 teu with the inclusion of a free trade zone outside the existing port concession area.