The governor of Argentina's Chaco province, Domingo Peppo, and infrastructure minister Fabián Echezarreta announced the start of construction of a new quayside at Las Palmas port.

Once the work is complete, barges will be able to use the facilities – located on the Paraguay river – to load bulk cargo.

"It's a momentous day for the people of Chaco, this is the fruit of the effort and sacrifice of key people, both public and private that bet on growth," Peppo said.

Construction will be carried out by the Unión Transitoria de Empresas JV, formed by the Argentine firms NORGAV and San Pedro Fundaciones.

Estimated to take up to 18 months, work includes building 140m of quayside and 140m of coastal defenses using sheet piles. The US$9.7mn project is financed by Fonplata, the River Plate development fund, and contributions from national and provincial government.

Lower transportation costs through the use of barges in the transportation of products for overseas markets will benefit many companies in the province, Peppo said.


Source: BNamericas