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May 21, 2014

The proposed establishment of a logistical terminal near the Port of Belize

A private company is proposing the establishment of a logistical terminal near the Port of Belize. The idea was pitched to both public and private sector agencies during a two-day closed-door session at the Radisson that ended this afternoon.  The concept is that various businesses within the agro-sector primarily, should invest in a multimillion dollar facility for the exportation of bulk cargo to the international market.  The advantage of building such a port would see a reduction in shipping costs, as well as the expedition of the loading process.  News Five spoke with Arturo Vasquez, C.E.O. of Port Belize Ltd.

 

Arturo Vasquez, Receiver/C.E.O., Port of Belize Ltd.

“We had started an initiative last year of trying to, well looking at the development of a Belize Logistical Terminal which will be adjacent to the existing port that exists, but of course a totally separate company and operation and investment, so to speak.  We started last year by looking at the existing channel way and the turning basin, we had a survey done to see what existed because it wasn’t dredged for, I think since 2001 or 2002.  So obviously, any new development we would want to do we would have to see whether the dredging is necessary to do improvement dredging and some additional dredging so this project started since last year.”

 

Isani Cayetano

Arturo Vasquez

“Now I understand you’re meeting with several different stakeholders from the across the agro-industry.  Can you share with me what the initial feedback or response is with regards to what is being proposed and brought to the table?”

 

Arturo Vasquez

“Well I think everybody is in agreement in saying that there is need for a bulk storage facility and I insist on bulk storage because the current port that we have is specifically a container port and, of course, handling containers has a whole lot more to cost and time than it does in bulk storage facility.  And this initiative we’re looking at is strictly bulk facility and when we deal with bulk facility we’re looking at the agro-sector mainly, you know.  We have been talking to parties like BELTRAIDE; of course, we had to speak with them, the Ministry of Agriculture, the Ministry of Transport.  We have been talking to B.S.I., A.S.R., Green Tropics, we have been talking to Prosser, we have been talking to the A.D.M. people that import wheat, we’ve been talking to the petroleum industry.  We’ve been speaking with B.N.E.”

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Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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1 Response for “The proposed establishment of a logistical terminal near the Port of Belize”

  1. Belizean says:

    I have a positive stance on this new development. Ease of export and import fulfilled if this comes to pass

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