en.Wedoany.com Reported - Chile's Port of San Antonio (Puerto San Antonio) has signed a $50 million loan with the Development Bank of Latin America and the Caribbean (CAF) to launch the construction of the Outer Port (Puerto Exterior), a project to modernize the country's main port infrastructure.

Sergio Merino, Chairman of the Board of the Port of San Antonio, stated that the formalization of the financing provided by CAF to the port enterprise marks a new milestone in the implementation of the Outer Port project, which is of strategic importance for the socio-economic development of the country and the city and province of San Antonio. Julián Suárez Migliozzi, CAF's Sustainable Development Manager and Representative in Chile, noted that the signing of the loan reflects CAF's confidence in an initiative of strategic significance for Chile's development and the strengthening of its long-term logistics capacity. The San Antonio Outer Port is a transformative project that will meet the growing demands of international trade, enhance national competitiveness, and consolidate integration into global markets.

The Outer Port plans to construct approximately 4 kilometers of breakwater, along with dredging and site leveling works, to build two terminals, each 1,730 meters long. The project will be developed in four phases according to demand. The total investment plan is estimated at $4.45 billion, of which $1.95 billion will be contributed by the Port Company of San Antonio (Empresa Portuaria San Antonio) for preliminary works, breakwater construction, basin formation, hinterland, access routes, and environmental mitigation and compensation measures; the remaining $2.5 billion will be funded by the private sector through port concessions for the construction, commissioning, and operation of the terminals. Once all four phases are operational, the new port will be able to handle 6 million TEUs annually, approximately 60 million tons of cargo, and simultaneously accommodate up to eight container ships measuring 400 meters in length.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com