Prodeco Grants Construction Contract for Colombian Coal Port

According to Argus Media, the contractor expects the new port on Colombia’s Caribbean coast to have a maximum 32 million metric tons per year (mtpy) capacity in its initial phase, and to be operational by 2013. In its second and third phases, capacity could be extended to 37 million mtpy and 60 million mtpy respectively. In February 2009, Prodeco along with eight other coal companies obtained a 30-year concession to develop the port near Cienaga.