Incubation of Large Scale
Infrastructure Projects
The Colombian economy had been experiencing a major bottleneck to its international trade given that the capacity at its only port on the Pacific coast had been far exceeded and was constrained from being able to grow further. This resulted in inefficient container movements, trucks having to wait 20 hours to get entrance to the port and 35% of the ships unable to find a berth immediately upon arrival. The solution was to build a new port adjacent to the existing port via private sector funding.
Global Venture Enterprises was retained to identify and secure the strategic partner to build and operate the new port in the Bay of Buenaventura on the Colombian Pacific coast. This new port would not only expand the country’s cargo capacity and but also enhance the country’s international trading potential.
GVE identified the leading Philippine based port operator, International Container Terminal Services, Inc (ICTSI), and guided the negotiations to a successful conclusion ensuring an investment of approximately US$ 240 million that will be used to build the port and spur economic development throughout the entire country.
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