Sociedad Portuaria Las Flores (SPLF) has obtained a concession from Cormagdalena for a 13 ha piece of land in Barranquilla, at 7km upstream from the river Magdalena rivermouth. SPLF intends to develop the land into a bulk handling (liquids and dry bulk) terminal. Port Consultants Rotterdam was commissioned a port market study and a port terminal master plan study.
In the port market study, an analysis was made of the main bulk import and export flows in Colombia, particularly those of coal and crude oil. A forecast was made for the trade volumes of major bulk flows through ports on the Caribbean coastline of Colombia, and of the market share that Las Flores terminal could capture.