The general manager of Montecon, Martín González, told Brecha that “the international demands are not going to be from Montecon, but from its shareholders, who are going to defend their interests and their investments in Uruguay.”
The share package of the operator of public areas, both for containers, general cargo and project cargo belongs to 60% of the Chilean group Ultramar and 40% to the Canadian Atco.
For this reason, the arbitration processes to follow respond to two different investment protection agreements, the one signed between Uruguay and Chile in 2010, and the one signed with Canada in 1999.
Bad news
For his part, Broad Front senator Charles Carrera said that this is “very bad news.”
On his Twitter account, the opposition parliamentarian stated that “Montecon will go to international arbitration to challenge the government’s agreement with Katoen Natie.”
“The government intended to avoid international arbitration, but with the aforementioned agreement it opened the door for the other company to sue us,” he said.
