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June 29, 2023
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Cuenca del Plata Terminal: increase in port fees postponed

Low dollar: TCP will increase port fees by 24.1%

This Wednesday there was a meeting between the Minister of Transport, Jose Luis Falero, and representatives of Katoen Natie (majority owner of TCP). In that meeting, the formation of a working group was agreed to analyze the issue, the minister informed Telenoche and confirmed The Observer with company sources.

The goal of this group is verify if the percentage increase that the company intends to apply is correct. For this reason, the increase will not be applied as of July 1.

The container terminal that operates in the port of Montevideo had decided a rate adjustment of 24.1%. To reach this conclusion, he asked the consultant CPA Ferrere for a study to find out the updating percentage that should be carried out.

The letter indicated that the increase in international inflation and the strengthening of the peso against the dollar determined a significant and unexpected change in TCP’s unit costs that are currently not reflected in the rates.

Therefore, it recommended a rate adjustment of 24.1%.

The measure generated concern in the Chamber of Industries (CIU) and in the Union of Exporters (UEU). The two unions raised the need to stop the increase.

The working group will begin meeting this Friday.

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