IBOV 176,723.62 ▼ 0.46% IPSA 10,916.70 ▼ 0.84% IPC MEX 66,247.47 ▼ 1.56% MERVAL 3,319,522 ▼ 1.78% COLCAP 2,283.28 ▼ 0.60% BVL PERÚ 57,575.02 — — USD/BRL5.08▼ 0.08% USD/MXN17.51▼ 0.07% USD/CLP945.00▲ 1.00% USD/COP3,200▼ 0.47% USD/PEN3.40▲ 0.09% USD/ARS1,488▼ 0.05% USD/UYU40.14▲ 1.38% USD/PYG6,025▲ 1.32% USD/BOB11.03▲ 3.10% USD/DOP57.95▼ 0.34% USD/CRC451.03▲ 2.19% USD/GTQ7.62▲ 2.30% USD/HNL26.74▲ 0.80% USD/NIO36.62▲ 0.26% USD/VES740.37▲ 0.46% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.37% USD/TTD6.73▲ 1.17% EUR/BRL5.78▲ 0.07% BRENT 100.36 ▼ 0.33% WTI 91.66 ▼ 0.57% IRON ORE 161.91 — — COPPER 6.32 ▲ 0.29% GOLD 4,032 ▼ 0.36% SILVER 57.68 ▼ 0.21% SOY 1,248 ▲ 0.87% CORN 488.75 ▲ 5.33% WHEAT 701.75 ▲ 0.79% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 69.02 ▲ 0.03% PETR4 42.95 ▲ 0.87% VALE3 75.68 ▲ 0.77% ITUB4 42.56 ▼ 0.79% BBDC4 18.72 ▼ 1.32% ABEV3 15.92 ▼ 1.30% BBAS3 20.93 ▼ 0.76% B3SA3 15.65 ▼ 1.57% WEGE3 45.67 ▼ 2.29% PRIO3 60.54 ▲ 1.29% SUZB3 42.43 ▼ 0.54% RENT3 37.14 — 0.00% AZZA3 17.05 ▼ 4.27% CSAN3 3.90 ▼ 0.51% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.87 ▼ 1.02% PSSA3 55.18 ▼ 0.49% CVCB3 1.31 ▲ 3.15% POSI3 3.67 ▼ 0.81% SLCE3 13.77 ▼ 1.36% NATU3 8.56 ▼ 1.38% BRKM5 6.17 ▲ 1.65% RANI3 7.93 ▼ 0.88% CSNA3 5.30 ▼ 1.49% CMIN3 5.83 ▼ 0.17% USIM5 8.49 ▼ 1.85% GGBR4 24.06 — 0.00% ENEV3 25.70 ▼ 1.04% CPFE3 46.22 ▼ 1.05% CMIG4 11.19 ▼ 0.18% EQTL3 39.02 ▼ 0.84% LREN3 13.37 ▼ 1.26% VIVT3 34.70 ▼ 1.92% RAIL3 13.96 ▲ 2.35% KLABIN 17.66 ▼ 1.51% RAIA DROGASIL 18.19 ▼ 0.55% RDOR3 33.67 ▼ 2.38% HAPV3 10.47 ▼ 8.08% FLRY3 16.58 ▼ 0.42% SMTO3 15.71 ▼ 2.12% UGPA3 33.39 ▲ 1.71% VBBR3 35.60 ▲ 1.77% BBSE3 42.40 ▼ 0.42% BPAC11 56.30 ▼ 1.26% CURY3 29.62 ▼ 1.92% AERI3 2.02 ▼ 1.46% VIVARA 21.45 ▼ 0.46% COMPASS 25.08 ▲ 1.09% VAMOS 3.21 ▼ 0.62% SANB11 26.63 ▼ 1.19% ASAI3 8.02 ▼ 4.52% SBSP3 29.00 ▼ 0.99% WALMEX 47.27 ▼ 2.84% GMEXICO 208.35 ▼ 3.10% FEMSA 222.31 ▼ 2.38% CEMEX 21.48 ▼ 3.11% GFNORTE 189.00 ▼ 1.37% BIMBO 59.00 ▼ 2.16% TELEVISA 9.79 ▼ 0.31% AMX 22.84 ▲ 0.66% GAP 375.37 ▼ 0.36% ASUR 269.84 ▼ 1.35% OMA 227.18 ▼ 0.66% KOF 179.71 ▼ 1.56% GRUMA 268.11 ▼ 4.40% KIMBER 39.20 ▲ 0.98% SQM-B 65,499 ▲ 0.68% COPEC 6,260 ▼ 4.43% BSANTANDER 80.00 ▲ 0.19% FALABELLA 6,058 ▲ 0.26% ENELAM 85.00 ▲ 0.56% CENCOSUD 1,968 ▼ 2.08% CMPC 1,051 ▼ 1.78% BANCO CHILE 190.72 ▼ 1.44% LATAM AIR 23.50 ▼ 2.45% YPF 82,475 ▼ 0.03% GGAL 7,945 ▼ 3.99% PAMPA 5,630 ▲ 0.09% TXAR 679.00 ▲ 1.65% ALUAR 982.50 ▲ 0.87% TGS 9,995 ▲ 0.91% CEPU 2,420 ▲ 0.37% MIRGOR 16,725 ▼ 1.18% COME 42.53 ▼ 1.41% LOMA NEGRA 3,778 ▼ 0.85% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,325 ▼ 2.15% ECOPETROL 16.33 ▼ 2.16% BANCOLOMBIA 86.79 ▲ 2.52% GRUPO AVAL 4.93 ▼ 2.18% CREDICORP 387.63 ▼ 1.53% SOUTHERN COPPER 182.22 ▼ 6.78% BUENAVENTURA 31.32 ▼ 2.40% MERCADOLIBRE 1,799 ▼ 0.03% NUBANK 14.19 ▼ 2.21% XP 16.83 ▼ 2.72% PAGSEGURO 9.46 ▼ 2.17% STONE 10.98 ▼ 3.35% GLOBANT 30.61 ▼ 0.20% TECNOGLASS 43.75 ▼ 3.26% GAP AIRPORT 215.45 ▼ 0.96% ASUR 269.84 ▼ 1.35% OMA AIRPORT 104.14 ▼ 1.15% AMX ADR 25.95 ▼ 0.65% FEMSA ADR 127.08 ▼ 2.93% CEMEX ADR 12.26 ▼ 3.62% PETROBRAS ADR 19.00 ▲ 0.58% VALE ADR 14.83 ▼ 0.13% ITAU ADR 8.35 ▼ 1.53% SANTANDER BR 5.36 ▼ 1.74% AMBEV ADR 3.09 ▼ 1.47% CSN 1.06 ▼ 2.75% GERDAU 4.77 — 0.00% LATAM ADR 49.79 ▼ 2.87% BTC 65,286 ▲ 0.37% ETH 1,876 ▼ 0.08% SOL 75.66 ▼ 0.26% XRP 1.11 ▲ 0.04% BNB 567.87 ▲ 0.16% ADA 0.17 ▼ 0.73% DOGE 0.07 ▼ 0.08% AVAX 6.28 ▲ 0.29% LINK 8.43 ▼ 0.37% DOT 0.81 ▼ 0.29% LTC 46.72 ▼ 0.44% BCH 211.11 ▼ 0.46% TRX 0.33 ▲ 0.28% XLM 0.18 ▲ 0.68% HBAR 0.07 ▼ 0.20% NEAR 1.89 ▲ 0.66% ATOM 1.43 ▲ 0.56% AAVE 95.34 ▲ 0.32% SELIC 14.25% EMBRAER 83.40 ▼ 0.47% EMBRAER ADR 65.47 ▼ 0.88% JBS 12.13 ▼ 0.98% JBS BDR 61.82 ▲ 0.03% MBRF3 15.59 ▼ 2.74% MBRFY 3.09 ▼ 3.13% INTER 5.46 ▼ 4.04% IBOV 176,723.62 ▼ 0.46% IPSA 10,916.70 ▼ 0.84% IPC MEX 66,247.47 ▼ 1.56% MERVAL 3,319,522 ▼ 1.78% COLCAP 2,283.28 ▼ 0.60% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▼ 0.08% USD/MXN 17.51 ▼ 0.07% USD/CLP 945.00 ▲ 1.00% USD/COP 3,200 ▼ 0.47% USD/PEN 3.40 ▲ 0.09% USD/ARS 1,488 ▼ 0.05% USD/UYU 40.14 ▲ 1.38% USD/PYG 6,025 ▲ 1.32% USD/BOB 11.03 ▲ 3.10% USD/DOP 57.95 ▼ 0.34% USD/CRC 451.03 ▲ 2.19% USD/GTQ 7.62 ▲ 2.30% USD/HNL 26.74 ▲ 0.80% USD/NIO 36.62 ▲ 0.26% USD/VES 740.37 ▲ 0.46% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.37% USD/TTD 6.73 ▲ 1.17% EUR/BRL 5.78 ▲ 0.07% BRENT 100.36 ▼ 0.33% WTI 91.66 ▼ 0.57% IRON ORE 161.91 — — COPPER 6.32 ▲ 0.29% GOLD 4,032 ▼ 0.36% SILVER 57.68 ▼ 0.21% SOY 1,248 ▲ 0.87% CORN 488.75 ▲ 5.33% WHEAT 701.75 ▲ 0.79% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 69.02 ▲ 0.03% PETR4 42.95 ▲ 0.87% VALE3 75.68 ▲ 0.77% ITUB4 42.56 ▼ 0.79% BBDC4 18.72 ▼ 1.32% ABEV3 15.92 ▼ 1.30% BBAS3 20.93 ▼ 0.76% B3SA3 15.65 ▼ 1.57% WEGE3 45.67 ▼ 2.29% PRIO3 60.54 ▲ 1.29% SUZB3 42.43 ▼ 0.54% RENT3 37.14 — 0.00% AZZA3 17.05 ▼ 4.27% CSAN3 3.90 ▼ 0.51% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.87 ▼ 1.02% PSSA3 55.18 ▼ 0.49% CVCB3 1.31 ▲ 3.15% POSI3 3.67 ▼ 0.81% SLCE3 13.77 ▼ 1.36% NATU3 8.56 ▼ 1.38% BRKM5 6.17 ▲ 1.65% RANI3 7.93 ▼ 0.88% CSNA3 5.30 ▼ 1.49% CMIN3 5.83 ▼ 0.17% USIM5 8.49 ▼ 1.85% GGBR4 24.06 — 0.00% ENEV3 25.70 ▼ 1.04% CPFE3 46.22 ▼ 1.05% CMIG4 11.19 ▼ 0.18% EQTL3 39.02 ▼ 0.84% LREN3 13.37 ▼ 1.26% VIVT3 34.70 ▼ 1.92% RAIL3 13.96 ▲ 2.35% KLABIN 17.66 ▼ 1.51% RAIA DROGASIL 18.19 ▼ 0.55% RDOR3 33.67 ▼ 2.38% HAPV3 10.47 ▼ 8.08% FLRY3 16.58 ▼ 0.42% SMTO3 15.71 ▼ 2.12% UGPA3 33.39 ▲ 1.71% VBBR3 35.60 ▲ 1.77% BBSE3 42.40 ▼ 0.42% BPAC11 56.30 ▼ 1.26% CURY3 29.62 ▼ 1.92% AERI3 2.02 ▼ 1.46% VIVARA 21.45 ▼ 0.46% COMPASS 25.08 ▲ 1.09% VAMOS 3.21 ▼ 0.62% SANB11 26.63 ▼ 1.19% ASAI3 8.02 ▼ 4.52% SBSP3 29.00 ▼ 0.99% WALMEX 47.27 ▼ 2.84% GMEXICO 208.35 ▼ 3.10% FEMSA 222.31 ▼ 2.38% CEMEX 21.48 ▼ 3.11% GFNORTE 189.00 ▼ 1.37% BIMBO 59.00 ▼ 2.16% TELEVISA 9.79 ▼ 0.31% AMX 22.84 ▲ 0.66% GAP 375.37 ▼ 0.36% ASUR 269.84 ▼ 1.35% OMA 227.18 ▼ 0.66% KOF 179.71 ▼ 1.56% GRUMA 268.11 ▼ 4.40% KIMBER 39.20 ▲ 0.98% SQM-B 65,499 ▲ 0.68% COPEC 6,260 ▼ 4.43% BSANTANDER 80.00 ▲ 0.19% FALABELLA 6,058 ▲ 0.26% ENELAM 85.00 ▲ 0.56% CENCOSUD 1,968 ▼ 2.08% CMPC 1,051 ▼ 1.78% BANCO CHILE 190.72 ▼ 1.44% LATAM AIR 23.50 ▼ 2.45% YPF 82,475 ▼ 0.03% GGAL 7,945 ▼ 3.99% PAMPA 5,630 ▲ 0.09% TXAR 679.00 ▲ 1.65% ALUAR 982.50 ▲ 0.87% TGS 9,995 ▲ 0.91% CEPU 2,420 ▲ 0.37% MIRGOR 16,725 ▼ 1.18% COME 42.53 ▼ 1.41% LOMA NEGRA 3,778 ▼ 0.85% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,325 ▼ 2.15% ECOPETROL 16.33 ▼ 2.16% BANCOLOMBIA 86.79 ▲ 2.52% GRUPO AVAL 4.93 ▼ 2.18% CREDICORP 387.63 ▼ 1.53% SOUTHERN COPPER 182.22 ▼ 6.78% BUENAVENTURA 31.32 ▼ 2.40% MERCADOLIBRE 1,799 ▼ 0.03% NUBANK 14.19 ▼ 2.21% XP 16.83 ▼ 2.72% PAGSEGURO 9.46 ▼ 2.17% STONE 10.98 ▼ 3.35% GLOBANT 30.61 ▼ 0.20% TECNOGLASS 43.75 ▼ 3.26% GAP AIRPORT 215.45 ▼ 0.96% ASUR 269.84 ▼ 1.35% OMA AIRPORT 104.14 ▼ 1.15% AMX ADR 25.95 ▼ 0.65% FEMSA ADR 127.08 ▼ 2.93% CEMEX ADR 12.26 ▼ 3.62% PETROBRAS ADR 19.00 ▲ 0.58% VALE ADR 14.83 ▼ 0.13% ITAU ADR 8.35 ▼ 1.53% SANTANDER BR 5.36 ▼ 1.74% AMBEV ADR 3.09 ▼ 1.47% CSN 1.06 ▼ 2.75% GERDAU 4.77 — 0.00% LATAM ADR 49.79 ▼ 2.87% BTC 65,286 ▲ 0.37% ETH 1,876 ▼ 0.08% SOL 75.66 ▼ 0.26% XRP 1.11 ▲ 0.04% BNB 567.87 ▲ 0.16% ADA 0.17 ▼ 0.73% DOGE 0.07 ▼ 0.08% AVAX 6.28 ▲ 0.29% LINK 8.43 ▼ 0.37% DOT 0.81 ▼ 0.29% LTC 46.72 ▼ 0.44% BCH 211.11 ▼ 0.46% TRX 0.33 ▲ 0.28% XLM 0.18 ▲ 0.68% HBAR 0.07 ▼ 0.20% NEAR 1.89 ▲ 0.66% ATOM 1.43 ▲ 0.56% AAVE 95.34 ▲ 0.32% SELIC 14.25% EMBRAER 83.40 ▼ 0.47% EMBRAER ADR 65.47 ▼ 0.88% JBS 12.13 ▼ 0.98% JBS BDR 61.82 ▲ 0.03% MBRF3 15.59 ▼ 2.74% MBRFY 3.09 ▼ 3.13% INTER 5.46 ▼ 4.04%
since 2009
Friday, July 24, 2026

Uruguay Argentina

One-meter-deeper dredging widens the distance between Uruguay and Argentina on port projects

By · April 13, 2021 · 6 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – After the Uruguayan government’s announcement to dredge the access channel to the Port of Montevideo to a depth of 14 meters, Argentina reacted with a letter from the president of the Argentine delegation to the Administrative Commission of the Río de la Plata (CARP) Diego Tettamanti, in which he warns that Uruguay is only authorized to dredge up to 13 meters.

Uruguay’s response was given in two communiqués from the Ministry of Foreign Affairs, warning that two Argentine mega-projects in the Río de la Plata (Magdalena Channel and Underwater Outfall) still depend on Uruguay’s decisions in the CARP.

In the last few days, two communiqués from the Uruguayan Foreign Ministry mark the tension between Uruguay and Argentina on the port issue. (Photo internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

On December 14th, the Uruguayan National Ports Administration (ANP), the Ministry of Transport and Public Works, and the National Development Corporation signed a framework agreement for an international call for bids to dredge the access channel to the Port of Montevideo from 12 to 14 meters.

For the Minister of Transport and Public Works Luis Alberto Heber, this would be the most important work for the Port of Montevideo. “For me, it is a before and after because it positions us in an unparalleled way. No port in the region can have as much depth as Montevideo would have in the channel we want to build,” he said.

Argentina’s letter

In the letter of March 25th addressed to the Uruguayan delegation president, Alem García Tettamanti states that “Uruguay never presented a deepening project to -14m. Therefore, Argentina never had to make a statement on that depth. There is no record of any Uruguayan proposal to consider any depth other than -13 m during the whole approval process.”

He then details Uruguay’s documentation from 2014 when the procedure was initiated until 2018 when approved, detailing that the steps were made for 13 meters.

He further states that “for the case that Uruguay wanted to totally or partially modify the sizing of the new approved channel exceeding the -13 m, this would become a new project which would lead to starting a new consultation process again.”

Foreign Minister Francisco Bustillo spoke about this issue in an interview in El Espectador on April 9.

“We are talking about faits accomplis that we inherited from the previous administration. Clearly, Uruguay, at a certain point in time, had the aspiration to dredge the access channel to the Port of Montevideo to 14 meters. When the plan was presented to society, they spoke of 13 meters. That is where the confusion begins. All this happened during the previous administration. Today, when Uruguay graciously talks about 14 meters, Argentina says, ‘listen, look, we studied for 13 meters’. Today what we did was to present our concern about going to 14 meters,” the foreign minister pointed out.

If the Magdalena Channel is put into operation, it will give the Port of Buenos Aires direct access to the ocean. Today, access to Buenos Aires’ port is through the Punta Indio Channel, a binational channel with Uruguay. This work implies an investment of millions of dollars since it involves dredging 53 kilometers with a width of 200 meters and going from 4.5 meters deep to 12 meters.

This would affect Uruguay in two aspects. The first is to know whether Argentina will be interested in maintaining the Punta Indio channel or whether Uruguay will have to take on maintaining the dredging on its own. The second is that since the Punta Indio channel is a one-way channel, Uruguay sells services to ships waiting to enter the channel. These services would no longer be provided.

The Treaty of the Río de la Plata and its Maritime Front provides that all works that one of the countries wants to carry out must be communicated within the CARP framework and not be objected to by the other party.

In June 2018, the Minister of Transport of the Frente Amplio government Victor Rossi announced that Argentina had enabled Uruguay to dredge the access channel to 14 meters. Uruguay enabled Argentina to carry out the Magdalena Channel.

“The Chancellery of the Republic, which was at the forefront of the necessary negotiation process, established the conditions for the authorization of the Magdalena Channel by Uruguay and authorized the deepening up to 14 meters of the access channels to the Port of Montevideo”, he said.

The Uruguayan response

The April 6th communiqués from the Ministry of Foreign Affairs are not an explicit response to Tettamanti’s letter within the CARP scope, but they mark the Uruguayan position regarding the negotiation on this issue.

They explain that Argentina depends on the Uruguayan authorization to complete the Magdalena Channel and the completion of the Underwater Emissary. The tone of the communiqués is based on the actions that Uruguay could take in these projects.

Regarding the Magdalena Canal, the communiqué reviewed the authorization process in 2014 and ended in 2018.

It argues that “Uruguay in the framework of the Treaty of the Río de la Plata and its Maritime Front takes special consideration of the instruments established in said Treaty” and reviews the articles related to environmental issues.

The first one it reviews is Article 20 where it says that “the notified Party shall have the right to inspect the works being carried out to verify whether they are following the project submitted.”

Article 51 states that “each Party shall be liable to the other Party for damage caused by pollution resulting from its own activities or those of natural or juridical persons domiciled in its territory.”

The Argentine authorities have already initiated the bidding process. The day after the press releases, they called for the first public hearing on the Magdalena Canal on May 7, a requirement established in that country’s General Environmental Law.

Outfall

The underwater outfall is a work being carried out by the Argentine government. It is the final stage of the Riachuelo System, a project that will allow the sewage of four and a half million inhabitants and thousands of industries to be discharged into the Río de la Plata. It is a 12 and a half kilometer long pipe, four meters and 30 centimeters in diameter, which enters the common area of the river, in front of the department of Colonia.

The communiqué from the Uruguayan Foreign Ministry reviews the 2009 authorization procedures and recognizes that Uruguay gave its approval for the work to be carried out. But it maintains that with the change of leadership in the Ministry of Foreign Affairs in July 2020, it was instructed to carry out a follow-up policy for the binational rivers.

In December last year, the Uruguayan delegation to CARP requested environmental information on the project from its Argentine counterpart and asked for a meeting with the authorities of Agua y Saneamientos Argentinos S.A. (AySA).

The communiqué ends by saying that “these control and monitoring actions are and will continue to be carried out under the parameters established in the Treaty of the Río de la Plata and its Maritime Front.”

Chancellor Bustillo said they are not acting in response to the Argentine letter denying dredging to 14 meters.

“Obviously, it would never be appropriate, nor have we ever done so, nor will we ever do so, to air Uruguay’s negotiating strategy. It would be nonsense. But clearly, we do not act out of reaction; we act out of conviction in defense of national interests. And clearly, this is part of the national interest: to achieve that deepening to 14 meters”, he stated.

Source: 180

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.