Puerto de Gran Escala: The case for a New Container Terminal in Central Chile

The state-owned sector was modernised in the late 1990s by means of Law 19 542, which divided the large national ports company (Empresa Portuaria de Chile, Emporchi) to create 10 independent port companies (Empresas Portuarias), each with its own board of directors, management, etc. These independent companies have a mandate to ensure efficient port operation and development whilst maintaining a sound financial status.