Venezuelan state company Bolivarian Ports (Bolipuertos) and the China Harbor Engineering Company (CHEC) have signed an agreement to build a $520m container terminal in the main port of Puerto Cabello, Carabobo, Venezuela.
The agreement is part of a memorandum of understanding (MoU) between Caracas and Beijing signed in 2010 .
The new terminal will consist of two berths capable of handling 70,000t vessels and a 38ha area for cargo loading and storage.
Six cranes will also be commissioned at the site for the unloading of the terminal’s containerised cargo.
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The construction of the new terminal is scheduled to start at the beginning of 2012 and is expected to be fully operational by 2014.
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