Bay of Montevideo
Encyclopedia
The Bay of Montevideo refers to the bay around the city of Montevideo
, Uruguay
in the Rio de la Plata
.
It was previously named by Pedro de Mendoza
as "Bahía de la Candelaria".
annually receives many passengers and cargo.
It is one of the major ports of South America and plays a very important role in the economy of Uruguay.The port's proximity has contributed to the installation of various industries in the area surrounding the bay, particularly import/export businesses, and business related to port activity and naval activity. Because of the density of industrial development in the area surrounding the port, the residential popularity is relatively low. The main environmental problems are subaquatic sedimentation and air and water contamination.
The port has been growing rapidly and consistently at an average annual rate of 14 percent due to an increase in foreign trade. The city has received a US$
20 million loan from the Inter-American Development Bank
to modernize the port, increase its size and efficiency, and enable lower maritime and river transportation costs.
Montevideo
Montevideo is the largest city, the capital, and the chief port of Uruguay. The settlement was established in 1726 by Bruno Mauricio de Zabala, as a strategic move amidst a Spanish-Portuguese dispute over the platine region, and as a counter to the Portuguese colony at Colonia del Sacramento...
, Uruguay
Uruguay
Uruguay ,officially the Oriental Republic of Uruguay,sometimes the Eastern Republic of Uruguay; ) is a country in the southeastern part of South America. It is home to some 3.5 million people, of whom 1.8 million live in the capital Montevideo and its metropolitan area...
in the Rio de la Plata
Río de la Plata
The Río de la Plata —sometimes rendered River Plate in British English and the Commonwealth, and occasionally rendered [La] Plata River in other English-speaking countries—is the river and estuary formed by the confluence of the Uruguay River and the Paraná River on the border between Argentina and...
.
It was previously named by Pedro de Mendoza
Pedro de Mendoza
Pedro de Mendoza y Luján was a Spanish conquistador, soldier and explorer, and the first adelantado of the Río de la Plata.- Setting sail :...
as "Bahía de la Candelaria".
Description
The bay has a round shape, approximately two and a half miles in diameter in low tide and a very secure port apt for boats with a deep draft. On its west side, is the Cerro de Montevideo crowned by the homonymous fortress with a lighthouse which dominates the landscape.Port
The Port of MontevideoPort of Montevideo
The Port of Montevideo , in the northern part of the Old City of Montevideo, Uruguay, is one of the major ports of South America and plays a very important role in the economy of Uruguay.-History:...
annually receives many passengers and cargo.
It is one of the major ports of South America and plays a very important role in the economy of Uruguay.The port's proximity has contributed to the installation of various industries in the area surrounding the bay, particularly import/export businesses, and business related to port activity and naval activity. Because of the density of industrial development in the area surrounding the port, the residential popularity is relatively low. The main environmental problems are subaquatic sedimentation and air and water contamination.
The port has been growing rapidly and consistently at an average annual rate of 14 percent due to an increase in foreign trade. The city has received a US$
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
20 million loan from the Inter-American Development Bank
Inter-American Development Bank
The Inter-American Development Bank is the largest source of development financing for Latin America and the Caribbean...
to modernize the port, increase its size and efficiency, and enable lower maritime and river transportation costs.