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Colombian port operator Sociedad Puerto de Barranquilla is investing 47bn pesos (US$16mn) to repair and upgrade storage infrastructure at the main port of Atlántico department.
Most of the investments (26bn pesos) began their execution last year, while the remaining funds (21bn) will be invested this year, the head of the company, René Puché, told local daily El Heraldo.
Works are focused on recovery and renovation of storage facilities and increasing storage capacity at the port's grain system, while new equipment is being purchased, said Puché.
"We are transforming our port into a logistics center, and we will increase the services we provide. This will allow us to not depend solely on increasing cargo transport across the [Magdalena] river, but also on having better revenues by the provision of more services," Puché said.