Promising future for Latin American ports?
According to CAF, in the next 25 years, cargo mobilization will be tripled and reach 150 million TEUs
According to a recent study by the Development Bank to Latin America CAF, reported by Mundo Maritimo, the cargo mobilization will be triplied in the next quarter century, going from 48 to 150 million TEUsLatin America will grow annually around 4.9%, expansion that will lead Mexico with 6.3%, followed by the South Pacific Coast with 5.7%, Brazil 4% and the South Atlantic with 2.7%.
While today only six ports over two million TEUs transferred by year, by 2040 will be 20 terminals that will reach that figure. For the entire region, meanwhile, is projected to increase 113 million in 20-foot containers. Therefore, CAF argues that a public and private investment is needed to improve port capacity in containers and draught limitations, for which (since the cargo mobilization will be triplied in the next quarter century, going from 48 to 150 million TEUs), will require an investment of US$ 50,000 million in the next 25 years. Of the $50,000 million, 15,000 will be materialized in the medium term (2025), and concerning countries, 25% will be materialized in Mexico, 13% in Brazil and 2% in Panama. In the case of the long term, Mexico will group 24%, Panama 16% and Brasil 13%. Adding both stages, it is estimated a total of 100 projects for Latin America.