An Argentine stevedore company is investing at least $20 million in the development of a private container port about 65 miles north of the capital city.
Murchinson SA Estibajes y Cargas I y C is developing the port at a 340-acre site in Zarate, located along the Parana River.Guillermo T. Murchinson, company president, said he believes he can offer less expensive services than at the Port of Buenos Aires or at Exolgan, another private port being developed just south of the capital.
"We think our costs will be cheaper, because Zarate has no labor agreements and the space is cheaper," Mr. Murchinson said.
A port in Zarate also could provide a less expensive and more convenient transportation alternative for exporters shipping products from the north of Argentina, he said. Truckers could transport the products to waiting vessels without encountering the often chaotic traffic conditions of Buenos Aires.
Like the Exolgan port under development by the owner of Roman Maritima SA, Mr. Murchinson won't have to pay a rental fee to the Argentine government. The government is to award bids this month to private consortiums that will operate six terminals at Buenos Aires.
Each concession operator will pay a fee to the government, but operate the terminal by itself.
Mr. Murchinson said the company is holding off on further development activities until the bids are awarded. The company expects to have two berths and equipment and to handle containers as well as cartons, steel, sugar and fruits.