Maersk to Invest $80 million in Puerto Quetzal

Maersk Group has announced that once it signs the new concession contract it plans to expand the capacity of the container terminal in order to go from transporting 250,000 TEUs to 600,000 TEUs.

Wednesday, July 27, 2016

Susanne Marston, representative of APM Terminals, told Diario de Centroamerica that among the company's plans is improving conditions at the terminal, investing $80 million in expanding capacity for container management.

See: "Maersk Could Pay $43 million for Puerto Quetzal"

"... We are reviewing the business plan that we have for TCQ and we are considering an approach in 3 phases. Phase 1 is where the complex starts to operate; phases 2 and 3 would represent an expansion that will allow for the number of containers handled to go from 250,000 to 600,000 TEUs."

Maersk Group subsidiary have agreed to indemnify the state $43 million and sign a new concession contract in order to operate the Quetzal Container Terminal.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Agreement to Operate Puerto Quetzal

September 2016

Compensation of $43 million to the State and a concession for 21 years for APM Terminals are part of the agreement made with the foreign company for it to operate the container terminal.

According to an article on Publinews, Anabella Morfin, Attorney General of the Nation, explained that   "...APM and EPQ pledged to desist with the courts with their efforts to obtain a declaration of voiding due to incompetence, in order to streamline the operation of TCQ. "

Maersk Could Pay $43 million for Puerto Quetzal

July 2016

Maersk Group subsidiary have agreed to indemnify the state $43 million and sign a new concession contract in order to operate the Quetzal Container Terminal.

The agreement suggested by the auditor of the Quetzal Container Terminal (TCQ by its initials in Spanish), Alexander Aizenstatd, must be approved by the Guatemalan Congress.

Funding for Quetzal Container Terminal

February 2014

The World Bank could provide $45 million required for the first phase of the project in Puerto Quetzal, Guatemala.

The International Finance Corporation, a member of the World Bank Group, is looking at providing a loan of $45 million to finance the first phase of the Quetzal Container Terminal. The director of the bank could approve the loan next month.

Ports: "You Snooze, You Lose"

August 2013

The ports of Acajutla and La Union in El Salvador are being threatened by the growing competition posed by various port projects in the region.

Construction projects or improvements to container ports in Central America forewarn of serious competition for Salvadoran ports.

ok