Subscribe free to our newsletters via your
. Earth Science News .

Subscribe free to our newsletters via your

Uruguay goes regional with deep sea port

disclaimer: image is for illustration purposes only
by Staff Writers
Montevideo, Uruguay (UPI) Aug 17, 2010
Uruguay is cobbling together a regional partnership around its planned deep sea port as part of President Jose Mujica's strategy to raise at least $1 billion for the project.

Already the government has promised landlocked Bolivia and Paraguay full use of the planned new port in return for electricity and gas supplies required to run the facility and an adjoining iron ore mine and extensive rail, air and water links.

Mujica hopes a regional partnership for the deepwater project will be more attractive for prospective investors.

Construction of the deepwater port was considered for a few years before it was set aside in response to the economic downturn. Mujica revived the plan when he took over as president, surprising many economists who thought him an unlikely pioneer of daring economic projects.

Mujica is a former left-wing militant who spent almost 15 years in prison during the country's military rule.

This week he was in active talks with Bolivian President Evo Morales and Paraguay's ailing President Fernando Lugo to pursue the deepwater project, which is seen as a potential major earner for Uruguay and a dream come true for Bolivia and Paraguay, both of which lack direct access to the sea.

The three leaders met in Asuncion, the capital of Paraguay, to cement their partnership in Urupabol, their tripartite regional grouping.

At the summit, Paraguay announced it was in the final stages of a project to sell electricity to Uruguay, and Bolivian officials said they were considering a deal to sell gas to Uruguay.

An existing pipeline network running through neighboring Argentina is expected to be augmented with international help for some of the planned fuel supplies. In addition, a gas pipeline from Bolivia would pass through Paraguay to reach Uruguayan points.

Uruguay's national port authority said Uruguay considered "essential" an early construction of the deepwater port. Plans for the port have already led to the relocation of a controversial projected pulp mill from the Uruguay River to the Rocha channel, raising prospects for the regeneration of the area.

An existing eucalyptus pulp mill near the Argentine border has already been the cause of a longstanding dispute between Uruguay and Argentina. The two countries recently decided to set up a joint commission for river monitoring to guard against environmental pollution.

Analysts said Uruguay also saw the planned deepwater port as an opportunity to promote the use of the Magellan Straits as an alternative to the Panama Canal.

Share This Article With Planet Earth DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook

Related Links
Global Trade News

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

China province cuts power to 500 plants
Beijing (AFP) Aug 16, 2010
Authorities in eastern China have cut off electricity to more than 500 factories for a month after they failed to meet emission reduction targets, state media reported Monday. The news came after China warned more than 2,000 companies in high-polluting and energy-intensive industries to shut down outdated equipment or risk having bank loans frozen, approvals for new projects dry up, and thei ... read more

China mudslide town lacking supplies as rescuers end search

Pakistan's 'image deficit' hurts funds appeal: aid workers

UN warns of diseases in Pakistan floods

Time short for Ladakh flood victims as winter looms

"Fahrenheit 451" author burns at idea of digital books

Safer Plastics That Lock In Potentially Harmful Plasticizers

Power Problem With Insat-4B

Colorado Space Grant Consortium And LockMart To Develop CubeSat

First Louisiana shrimp season since BP oil spill starts

Obama, daughter swim in Gulf in act of reassurance

China begins moving 330,000 people for water project

First Satellite Measurement Of Water Volume In Amazon Floodplain

Giant Greenland iceberg a climate 'warning sign'

Arctic ice island poses no immediate threat, says discoverer

'City-sized' ice island breaks off glacier

Ice drilling could foretell climate

AgBank shares mixed after confirming IPO world record

AgBank sets record as world's largest IPO: report

Russian grain export ban comes into force

China says no evidence milk powder caused infant breasts

New landslides in China leave 38 missing

Hurricane formation linked to sea color: study

Deadly Typhoon Dianmu cuts across Japan

Terrified trekkers recount flood 'hell' in Indian Himalayas

Two die as floods hit drought-stricken Niger

Senegal opponents protest bad governance, power cuts, floods

Mugabe thanks China for steadfast support

Mugabe urges army to 'jealously guard' Zimbabwe's resources

The Worst Impact Of Climate Change May Be How Humanity Reacts To It

Stone tools used by earliest 'butchers'

Reading The Zip Codes Of 3,500-Year-Old Letters

Internet lifestyles leave digital estates for descendants

The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement