Port of Buenos Aires bidders required to invest US$760m over next ten years

Argentina’s transportation ministry has approved the bidding documents for the public tender for the Port of Buenos Aires, with the winning company required to continue the ongoing expansion works representing an investment of US$760m in the first ten years.

The country’s General Administration of Ports is expected to call for bids in the coming days.

If the process proceeds according to schedule, the Port of Buenos Aires will next year have just one concessionaire instead of the current situation where three groups control five container terminals – DP World (Terminales Río de la Plata -TRP, which operates Terminals 1, 2 and 3), APM Terminals (Terminal 4) and Hutchinson Ports (Terminal 5).