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Latin America Investment News on Viva Tropical

Honduras: Puerto Cortes Is Moving Five Times Slower Than an Efficient Port

Article Summary:

Lack of planing and missed opportunities by Honduran National Port Company (ENP) have high economic costs at Puerto Cortes and for the entire region. This is because the bulk of the country’s consumer products items pass through this aging and deteriorated port, which is plagued with lack of infrastructure and low productivity, making Puerto Cortes exceed five times the waiting time of an efficient port.

photo Credit: America Economia

Original Article Text From America Economia via Google Translate :

Spring Reform Bulk Food Price Decrease In Honduras

Advances in Puerto Cortes were frozen in time. During the past 40 years was postponed to invest in modernizing the dry bulk dock and continue the development of which was the main shipping terminal in Central America.

The economic cost of the logistics gap is loaded, without knowing it, the more than 8.2 million Hondurans consumers every time they buy a bag of bread, a pound of chicken or a bushel of beans.

This is because the bulk spring passes 67.4% of direct food production as cereals and grains, and those that indirectly affect production, such as fertilizers, which are affected by cost overruns and obsolete methods used to load and unloading.

This process also facilitates pollution and emissions associated, also promotes waste.

Pocket impacted A technical study established that for decades the Honduran authorities found out that the so-called spring three or solid bulk reached the permissible occupancy rate of 65% and is currently collapsed.

Waiting times of the ships that bring the country wheat, grains and fertilizers to make your downloads came within an average of three days to reach in some cases to 14 days.

In the world of international trade how are you delays cost the importer between $ 20,000 to $ 30,000 per day by way of penalties.

The owner of the cargo transfer this extra cost to final consumers through increased prices. At present, performance or discharge time in Puerto Cortes is estimated between 100 and 130 tons per hour, while the neighboring ports have yields between 500 and 700 tons per hour.

This is an important factor of competitiveness. The port cost, according to the technical paper referred to, is three to four times higher than the costs of the ports of the region and added operational factors affecting ocean freight, are even higher and out of all competition.

The lack of infrastructure and low productivity make Puerto Cortes exceed five times the waiting time of an efficient port.

The opportunities were not exploited by the National Port Company (ENP).

With trade agreements and the country’s population increase supply and demand for berths in recent years spent 12,000 hours annually to 16,000 hours and the traffic volume of 0.6 tonnes of bulk 15 years ago to 1.8 million tons in 2010.

With these indicators of inefficiency, the rating dropped Puerto Cortes and the neighboring ports of Guatemala, El Salvador and Costa Rica is kept growing by a process of modernization.

So the document painfully obvious that 70% of the equipment operated by the ENP is out of service. And more than 50% of the teams that are operating are obsolete.

Times change. was reported by a huge investment under public-private scheme will reform the current design of the docks at Puerto Cortes, will provide more equipment and build silos for grain storage, among other infrastructure.

In December 2011 the government, the Cabinet authorized the hiring of a special trust for a period of 30 years to build the pier in Puerto Cortes bulk as part of the expansion and modernization of the shipping terminal.

This trust is managed by the Commission for the Promotion of Public Private Partnership (Coalianza) and the Port Authority through the Atlantis Bank, acting as trustee responding “with all of its assets.”

With the trust and given the limited financial resources of government, is to provide the country with modern and competitive port works for the handling of bulk organic and inorganic, are eliminated inefficiencies and cost overruns, and promote the final consumer and exporter.

Unofficially has emerged that the amount of investment would be eight dollar figures. However, project developers have preferred to confirm the official amount of this initiative at a later date.

Operator. In recent days it emerged that the country was established in Seaport Society of Honduras with a minimum capital of 24,020,000 lempiras (U.S. $ 1,230,280) and a maximum of 100,000,000 (U.S. $ 5,121,900).

This entity comprises the Maritime Investment firm, which has a 40% shareholding, the user group, 40% and both the National Port Authority and the operator have a 10% stake.

Atlantis Bank, which is the trustee of the project, carried out an international selection process of the company that will design and construct the work. These assignments were awarded to Spanish firm AIC.

The information referred to was provided by the Cabinet made on 20 December. The development could begin this year.

Link to Original Article:

From America Economia

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