Buenos Aires Port concessions extended for further 24 months

On Friday May 15th, Argentina’s General Administration of Ports (AGP) granted an extension to concessions for operational groups Terminal de Rio da Prata (TRP), APM Terminals, and Hutchinson Ports after numerous meetings coordinated by the entity and the Transport Ministry.  The extensions are valid for 24 months and were made, according to AGP, in order to secure jobs as well as Argentina’s foreign trade, whilst buying more time to develop the specifications for the new bidding process for the port of Buenos Aires, which will focus on modernization and competitiveness of the country’s main port.

According to the president of the AGP, José Bení, thanks to cooperation by all sectors of the logistics industry, it was possible to achieve this common objective.  Up until yesterday, the day before the concessions were due to expire, there had been much uncertainty about the renewal of the concessions, since there is much tension in the relationship between the TRP and APM terminals.

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