Construction contract awarded for USD455 million Port terminal PPP project in Uruguay

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Construction contract awarded for USD455 million Port terminal PPP project in Uruguay

Terminal Cuenca del Plata (TCP) has awarded the development contract for Cuenca del Plata terminal at Montevideo Port, Uruguay to consortium of Jan de Nul, Mota-Engil and Stiler. TCP, a joint venture between Katoen Natie (80%) and the National Ports Administration of Uruguay (20%), is responsible for the expansion of the terminal.

The selected contractors will be in charge of the development of extension infrastructure at the terminal and build a new dock capable of receiving a container ship up to a depth of 14 m. The construction works are expected to generate approximately 1,000 direct as well as 5,000 indirect jobs.

The construction works for all berths are scheduled to be finished in 2025 while the first berth is expected to be operational by 2024.

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