Northern Chile's Arica port concessionaire EPA plans on investing US$40mn through 2009 on infrastructure development, local publication Marítimo Portuario reported.
The initiative comes as the port prepares to cope with the expected increase in cargo resulting from the construction of a bi-oceanic corridor, known as Corredor Bioceánico Norte, connecting Arica, Bolivia and Brazilian port Santos.
Works will include upgrading the terminal's infrastructure, improving technology to streamline services and implementing more competitive rates.
The corridor will increase the amount of cargo coming from Brazilian states Amazonas, Acre, Rondônia and Mato Grosso, with a total of some 23mn residents, the publication quoted EPA general manager, Mario Moya, as saying.
Publication: Business News Americas - English News
Provider: Business News Americas
Date: January 2, 2008
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