Years of neglect, lack of investment and technological and infrastructure backwardness have taken their toll on Puerto Cortes, to the extent that it has fallen from being the first in transit of goods in the region to fourth place.
Brokers, Customs agents, shipping companies and users are all affected by the conditions under which the terminal operates, suffering from a chronic lack of equipment, a situation exacerbated as ships wait in the harbor of the [...]
The Philippines firm, International Container Terminal Services Inc. (ICTSI) and representatives of the Commission for the Promotion of Public-Private Partnerships (Coalianza) on March 20 signed the contract to operate the container terminal at Puerto Cortés. With the sealing of the contract the green light is given for the start of the investment of $624 million by ICTSI for the construction, equipping, financing, maintenance and operation of the new container terminal and general cargo port under [...]
The Philippine firm, International Container Terminal Services Incorporated (ICTSI), winner of the tender to fund and operate the new container and general cargo terminal in Puerto Cortes, states that in the second half of 2014 the port will begin to regain its competitiveness. Juan Carlos Garrido, ICTSI business director, said that before the 60 days specified in the rules of competition for signing the contract, they expect to start by October this year the process [...]
No later than October this year the construction and equipping will begin on the container terminal in Puerto Cortes, Honduras, executives of the Philippine company International Container Terminal Services (ICTSI) have stated. “We look forward to results shortly, according to the schedule of activities of operation and construction of what has to be done to improve infrastructure from October this year,” said Juan Carlos Garrido, director of Business Development for the Americas of ICTSI. The [...]
Puerto Cortés requires an investment of $1,000 million to restore competitiveness and regain its past position as the main port in Central America. The recovery process, which would require 30 years, begins in February, with the opening of the bidding process. Fewer ships now arrive in Puerto Cortes, and the port is anchored, while its neighbors, Guatemala and Costa Rica, advance. The port continues generating substantial losses to the State of Honduras. Jose Antonio Pineda, [...]