Puerto Bolivar prepares its transfer to the Turkish consortium

The Port Authority of Puerto Bolivar in the coming days will have to transfer these facilities to the Turkish consortium Yilport Holding, which in February won the concession for 50 years for an investment of $ 750 million. This transfer involves the transition of software, operators, fixed assets, a process that must carry within no more than five months.

Vicente Guzman, manager of the Port Authority, said that this concession process will generate revenues for the state of $ 1,540 million for income tax and that “this is a delegation of services for a specified time”.

He explained that if the management model was subsidized, then, the investment would not generate returns. “Portuaria has invested in machinery, docks, readjustments, which has resulted in excessive current spending and an investment spending minimum,” thus advocating this model change.

Source: http://www.eluniverso.com/noticias/2016/05/30/nota/5607330/puerto-prepara-su-cambio