# Katoen Natie to invest $455M in Montevideo container terminal expansion

Katoen Natie reached an agreement with the Government of Uruguay to invest $455 million in the expansion of Montevideo's main container terminal, including a new container yard and quay wall, doubling capacity to 2.5 million TEU per year.

- Type: Expansion
- Announced: 2021-03-04
- Where: Montevideo, Uruguay
- Value: $455.0M
- Status: announced
- Capacity: 2.5 million TEU per year
- Products: container terminal services
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Katoen Natie](https://endata.com/companies/53649.md)
- [Government of Uruguay](https://endata.com/companies/53650.md) (partner)

## Sources

- [maritimesouth.com](https://maritimesouth.com/2021/03/04/katoen-natie-and-uruguayan-government-end-disputes-with-455-million-investment-commitment-in-montevideos-terminal/), 2021-03-04: "After months of intense negotiations, Antwerp-based Katoen Natie reached an agreement with the Government of Uruguay to invest 455 million in the expansion of Montevideo's main container terminal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.