Venezuela appears to have picked up the pace of a plan to splash cash on infrastructure projects that may include the redevelopment of substandard port facilities.
Beijing-based dredging and construction giant China Harbour Engineering has already agreed to invest $600m and more patrons are expected to follow, reports news bureau UPI.
While timelines remain unclear, many believe funds from initial pledge will be set aside for the construction of a new container terminal at Puerto Cabello, which will need dredging and expanded berths to help accommodate post-panamax vessels if it is to compete on a global scale.
If
