US$500 million project consists of docks, storage silos and associated works

 

Terminales y Servicios S.A. has been building a new agribusiness port in the town of Timbúes, in the Argentine province of Santa Fe, since the end of March. The investment is approximately US$550 million and, according to the company, its construction will consolidate the area as “one of the largest agro-industrial export hubs in the world,” reports Dry Cargo Internacional.

 

The new port will be located at the mouth of the Carcarañá River, which connects with the Paraná. The land, already acquired in its entirety, has all the pertinent municipal and provincial authorizations, as well as the approval of the central government.

 

The aforementioned investment includes the construction of docks, storage silos and associated works. Once operational, the port will move fertilizers as well as grain shipments and other value-added by-products.

 

Juan Manuel Ondarcuhu, owner of Terminales y Servicios S.A., highlighted the importance of the current economic and political environment to drive investment. A government representative also pointed out that, “on a scale unique in the country, this project consolidates Timbúes as one of the largest agro-industrial production and export poles in the world”.

 

It is worth mentioning that Terminales y Servicios Portuarios SA already operates three ports in San Nicolás, San Pedro and Rosario, all in Argentina.

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