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The Port of Montevideo ( es, Puerto de Montevideo), in the northern part of the
The main engineering changes occurred between the years 1870 and 1930. During this period, built the first wooden pier, several deposits in La Aguada, north and south Rambla, a river port, a new pier, the river basin, and the
The port has been growing rapidly and consistently at an average annual rate of 14 percent due to an increase in foreign trade. The city has received a $20 million loan from the Katoen Natie Terminal TCP
/ref>
Old City Old City often refers to old town, the historic or original core of a city or town.
Old City may refer to several places:
Historical cities or regions of cities
''(by country)''
*Old City (Baku), Azerbaijan
* Old City (Dhaka), Bangladesh, also ca ...
of Montevideo
Montevideo () is the Capital city, capital and List of cities in Uruguay, largest city of Uruguay. According to the 2011 census, the city proper has a population of 1,319,108 (about one-third of the country's total population) in an area of . M ...
, Uruguay, is one of the major ports of South America and plays a very important role in the economy of Uruguay. Notably the port includes a number of important facilities including one the countries main tourism terminals and the La Teja Refinery
The La Teja Refinery is the only oil refinery in Uruguay, and is located in the La Teja neighborhood in Montevideo. Owned by the national industry ANCAP, the refinery primarily produces light-grade oil products used for domestic industries. The r ...
which processes the bulk of the countries oil.
History
Montevideo Bay
The Bay of Montevideo ( es, Bahía de Montevideo) is the bay around the city of Montevideo, Uruguay in the Rio de la Plata.
It was previously named by Pedro de Mendoza as "Bahía de la Candelaria".
Description
The bay has a round shape – appr ...
is one of the reasons the city was founded. It gives natural protection to ships, although there are now two jetties that protect the harbour entrance of the waves. This natural port makes it competitive with the Río de la Plata's other great South American port—the Port of Buenos Aires.
The main engineering changes occurred between the years 1870 and 1930. During this period, built the first wooden pier, several deposits in La Aguada, north and south Rambla, a river port, a new pier, the river basin, and the La Teja Refinery
The La Teja Refinery is the only oil refinery in Uruguay, and is located in the La Teja neighborhood in Montevideo. Owned by the national industry ANCAP, the refinery primarily produces light-grade oil products used for domestic industries. The r ...
. A major storm in 1923 meant that many engineering works in the city had to be repaired. Since the second half of the 20th century, physical changes have ceased, after which came a degradation of the area due to national economic stagnation.
Development
The port's proximity has contributed to the installation of various industries in the area surrounding the bay, particularly import/export businesses, and business related to port activity and naval activity. Because of the density of industrial development in the area surrounding the port, the residential popularity is relatively low. The main environmental problems are subaquatic sedimentation and air and water contamination.
The port has been growing rapidly and consistently at an average annual rate of 14 percent due to an increase in foreign trade. The city has received a $20 million loan from the Inter-American Development Bank
The Inter-American Development Bank (IDB or IADB) is an international financial institution headquartered in Washington, D.C., United States of America, and serving as the largest source of development financing for Latin America and the Caribb ...
to modernize the port, increase its size and efficiency, and lower maritime and river transportation costs.
Katoen Natie
Katoen Natie is an international logistics service provider and port operator. The company is present in 36 countries in five continents and employs about 13.000 people worldwide. In 2009 the company had 154 logistics platforms. Its headquarte ...
owns an important container handling facility at this Port./ref>
References
External links
* {{Coord, 34, 54, 08, S, 56, 12, 31, W, type:landmark, display=title Ciudad Vieja, Montevideo Transport in Montevideo Ports and harbours of Uruguay