TecPlata, a unit of International Container Terminal Services Inc. Buenos Aires, Argentina, said Thursday it is ready to invest more than $101.6 million to expand its capacity and build various terminal infrastructure.
ICTSI, citing a recent technical study by Argentina’s National Technological University, said ports in La Plata and Dock Sud could fully support container volumes and flow of trade in the metropolitan areas of Greater Buenos Aires and Greater La Plata.
Both terminals at La Plata and Dock Sud, operated by TecPlata S.A. and Exolgan S.A., respectively, can absorb about 86 percent (or 1.5 million twenty-foot equivalent units) of Argentina’s total cargo volume estimated at around 1.7 million TEUs. It said the capacity may exceed 3.6 million TEUs over the next three years if planned investments for both terminals – around $361 million – started today.
TecPlata chief executive Bruno Porchietto said the metropolitan areas of Buenos Aires, Argentina’s capital, and La Plata, Buenos Aires Province’s capital, are geographically contiguous and the combined markets make Buenos Aires-La Plata an economic powerhouse.