Bunge and Aceitera General Deheza S.A. (AGD) announced they will jointly invest US$100 million in Puerto General San Martin’s T6 industrial complex and port terminal. Puerto General San Martin is an inland port in Argentina that sits on the Paraná River. Read full article
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A 3-year plan and US$100 million in investment....Nov 01st, 2016 - 08:54 pm - Link - Report abuse 0
Since this is Argentina, it will ultimately take 12 years, cost US$900 million, and operate with less efficiency and lower capacity than the previous installation!!
Since this is Argentina, it will ultimately take 12 years, cost US$900 million, and operate with less efficiency and lower capacity than the previous installation!!Nov 01st, 2016 - 09:42 pm - Link - Report abuse 0
If it was a government project you might be right. However, it is an industrial project and in my experience they tend to keep a close eye on their investments and ask questions if things don't go to plan. They will do what they can to keep this project on-time and within budget. Since they now have a more business-friendly government they should stand a better chance of achieving this.
Never underestimate the capacity and willingness of the labour syndicates and others to introduce delays and graft even in private industrial projects. And then there is the yet unknown impact of continuing inflation which seems to drive costs well above originally planned, particularly where delays are involved. The business friendly government might wish to believe they are but it's the rest of the country that drives how things are done and not done, and the business friendly government has done precious little to reign in high tax levels and other factors that are actually anti-business. Gushing optimism only goes so far here.Nov 01st, 2016 - 11:21 pm - Link - Report abuse +1
If you are truly committed to being a banana republic it is good that you aspire to be the best!Nov 02nd, 2016 - 02:30 pm - Link - Report abuse 0
Yes, we have no bananas.Nov 02nd, 2016 - 03:00 pm - Link - Report abuse 0
Zaphod,Nov 02nd, 2016 - 05:49 pm - Link - Report abuse 0
Very good insight. I'm familiar with the area. Private port terminals sprout overnight.
lol.Nov 03rd, 2016 - 05:01 am - Link - Report abuse 0
Che is only every so slightly less incompetent than Macaroni or Cretina's crews.