The Cuban government has frozen all planned investments in the Port of Havana, including those already underway such as the US$8 mill project to add another 150m of berth at Terminal de Contenedores de Habana (TCH), even though finance had already been obtained from Spanish banks and the work had already been assigned.
The long-term plan remains, however, to turn TCH into a 55 hectare terminal with nine gantry cranes along 1000m of berth, capable of handling 1.8 mill TEU/year. TCH has been affected by a drop in imports because of the impact on tourism of 911. Formed in 1998 as Cuba's only private terminal operator, THC originally budgeted for a traffic of 180,000 TEU/ year being reached by the end of its 15-year concession (with a 5year option) in 2013, but throughput reached 262,000 TEU in 2001, only to fall back last year....
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This complete item is approximately 350 words in length, and appeared in the February 2003 issue of WorldCargo News, on page 8.
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