new alternatives for financing a river dredging project (argentina) raul s. escalante – sebastián...
TRANSCRIPT
New alternatives for financing a river dredging
project (Argentina)
Raul S. Escalante – Sebastián García – Martín D. Civeira
HIDROVIA SA
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The world
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Argentina
General location
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Argentine Waterways
3.000 km
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Hidrovía S.A. is a bi-national Company formed by:
• Jan de Nul NV (from Belgium)
• Emepa S.A. (from Argentina)
With the object of doing: • Capital and maintenance dredging Jan De Nul• Aids to Navigation system Emepa
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Waterway in charge of Hidrovía
Santa Fe – Confluencia640 Km
Santa Fe – Ocean1000 Km
• Owner: Argentine Government
• Concession Expiring: 2021
• Risk Contract
• Incomes:
Santa Fe- Ocean: Toll Santa Fe- Confluencia: Argentine Government Financing
Dredging and AtoN services in Argentina
25 ft navigable depth
34 ft navigable depth
Year 2011
Santa Fe – Ocean Waterway
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10 ft navigable depth
Year 2011/ 2012
Santa Fe - Confluencia
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Santa Fe – Confluencia640 Km
Santa Fe – Ocean1000 Km
Vessels
• Capital and maintenance dredging
• Bathymetric surveys for depth control
• Aids to Navigation: deployment and maintenance
• Tide, waves and wind measurements
• Environmental Management Plan
• Projects and Studies Department
• Traffic Control
Tasks performed
Total goods movement (international and domestic) in the waterway (SFO) – Year 2010
Total: 111 million tons
Total goods movement (international and domestic) in the waterway (SFN) – Year 2010
(metric tons)
Total: 16 million tons
Toll and Subsidy 1995 – 2010Santa Fe – Ocean
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1,2 $ / Ton
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Toll 2010Santa Fe – Ocean
Toll Formula
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T = TD + TAtoN
TD: Dredging toll
TAtoN: Aids to Navigation toll
Toll Formula - AtoN
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TAtoN = tb x NRT
NRT: net register tonnagetb: AtoN coefficient ($/ton)
Toll Formula - Dredging
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TD = td x CF x NRT
td: Dredging coefficient ($/ ton)
CF: Correction FactorNRT: net register tonnage
Toll Formula - Dredging
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Commodities (soybean) price evolution
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Port and River Costs• River Pilotage• Variable Port costs: berth, different vessel and passenger taxes, tug… • Fixed Port costs: customs, maritime agency…
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Costs Compared
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• Pilotage (round trip Recalada-Rosario) 2,35 • HV Toll 1,20 • Tugboat 0,79 • Port taxes 0,30 • Maritime Agent 0,29 • Berth and port facilities (per day) 0,10 • Commodities (soybeam Chicago) + 515,00
Other PracticesShort Dredging Contract
• Bidding process• Time consuming• Administrative aspects• Siltation after end of contract• Possible delays in payment
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Other PracticesPublic Dredging
• Governments can sometimes be quite efficient, but...
• Delays• Objectives not accomplished• More “relaxed” controls
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Dredging is an Aid to Navigation
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Conclusions• Public financing is difficult to maintain through
the years• Dredging and AtoN works in charge of the
Government sometimes are not as efficient as they should
• Our financing depends only on vessels using the waterway, which reasonable toll fees
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Thanks for your attention