TGM to cost $100 million

Montevideo Bulk Terminal (TGM) is being built at a cost of $100 million. The facility, which will open in December, will incorporate 12, 10,000-tonne silos.

The project promoters say that TGM will complement existing facilities at the port of Nueva Palmira, which encounters severe bottlenecks during the peak of the harvest season. For its part,TGM will mainly channel grain from eastern Uruguay and from producers located along Route 5.

TGM will mostly be targeting soya, but will also handle export wheat, barley, malt and rice.