October 07, 2008

Colombia to launch a tender for coal port

BNamericas reported that Colombia's transport ministry plans to launch a tender process in two to three weeks for the construction and operation of a USD 350 million coal port in Ciénaga in Magdalena department.

Authorities held a presentation regarding the initiative in capital Bogotá this week. At least 20 national and international firms have expressed interest in the project.

Companies interested in taking part in the tender will have 10 to 15 days to submit their observations regarding the project to ministry officials.

The official said one of the issues to be determined during this process is how long the port's concession will last.

The new port's construction is slated to be launched this year and will help authorities reduce pollution in the country's Santa Marta bay.