Guatemala: Investors for Puerto Quetzal

Empresa Portuaria Quetzal has confirmed that there may be interest from private investors in financing the construction of a new pier.

Friday, January 22, 2016

The need to expand the disembarkation pier at Puerto Quetzal is not new. Now the change of government could be an opportunity for this much needed piece of modernization to be realised. Empresa Portuaria Quetzal (EPQ) (EPQ) has confirmed that the investment required ranges between $60 million and $100 million.

And while the new president is defining his priorities for infrastructure, the president of the board of EPQ, Carlos Lainfiesta, told Elperiodico.com.gt that "... it would be interesting if there were private participation, because it would ensure that the companies who invest their money would have an interest in brining in cargo."

Mario Yarzebski, a businessman in the sugar industry and president of Cutrigua, told the same newspaper that "... the extension is urgent, and everyone who uses the port is interested in investing in infrastructure. Therefore, the new government must establish a national infrastructure policy soon in order to address those weaknesses. "

The newspaper reported that the Argentine Hugo Sigman, founder and CEO of Insud Group, a conglomerate dedicated to agroforestry and the pharmaceutical business, may be among the interested investors. However, a response is needed from the Government of Jimmy Morales regarding their policy in matters of private infrastructure in order to facilitate concessions."

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