Venezuela Turns to Port

by Scott Randall, Dir. of International Business; ML Payton Consultants, Houston, TX, USA,

Serial Information: Worldwide Projects, 1993, Vol. 1, Issue 3, Pg. 36-38

Document Type: Feature article


Despite Venezuela's recent political troubles, geography and economics argue for a big increase in the country's port capacity. Oil has traditionally been the major export, but Venezuela is increasingly turning its attention to coal as a source of hard currency--as is Colombia, many of whose coal-producing areas are located within convenient distance of ports on Venezuela's Lake Maracaibo and the Gulf of Venezuela. There should be opportunities for renovation and expansion of existing ports, says the author, of ML Payton Consultants in Houston, Texas; there are also plans to develop transportation systems, including road and rail projects, in the region. Privatization of Venezuela's ports is likely to spur business there as well, as is investment by Venezuelan and foreign companies in manufacturing and distribution facilities.

Subject Headings: Developing countries | Ports and harbors | Venezuela | South America

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