page_title: Port of Montevideo
section_title: Development
hierarchical_section_title: Port of Montevideo / Development
caption_attribution_description: Русский: Вид на монтевидеоский порт
context_page_description: 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.
context_section_description: 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 $20 million loan from the Inter-American Development Bank to modernize the port, increase its size and efficiency, and lower maritime and river transportation costs.
  Katoen Natie owns an important container handling facility at this Port.
caption: Docks
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