Agreement to Operate Puerto Quetzal

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.

Wednesday, September 14, 2016

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. "

"... The head of the PGN stated that the EQP has committed to requesting that  'through the conduit of the President of the Republic a bill be presented to Congress exceptionally, for approval of a concession which EPQ will direcly grant to TCQ so that it can continue to operate for up to 21 years. ' "

Susanne Marston, vice president of APM Terminals, told that she is "... confident that Congress will approve the concession. "We have analyzed the pros and cons. We believe we are the right partner for Guatemala to operate this terminal'. "

At a press conference they explained that other commitments which are to be included in the new contract involve the installation of an X-ray system, speeding up the construction of phases 2 and 3 of TCQ and providing technical assistance in technology to EPQ.

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More on this topic

Another Company Interested in Puerto Quetzal

January 2017

While pressure grows in Guatemala for the contract with APM Terminals to be annulled, the US company American Ports has expressed interest in operating the port.

Following opposition on the part of Congress to the possibility of approving a bill put forward by the executive branch proposing the granting of a direct concession to APM Terminals, now the Comptroller General of Accounts (CGC) has recommended declaring the contract void and starting a new process.

Pressure Growing to Tender Puerto Quetzal

January 2017

While the Morales administration insists on approval of the bill granting a direct concession of the operation of the terminal to APM Terminals, Congress has reaffirmed a position in favor of a new tender being approved.

Due to the lack of an agreement between the executive and the legislature, there has now been more than six months without any clarity on the future of the operation of the port terminal in Guatemala.

Maersk to Invest $80 million in Puerto Quetzal

July 2016

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.

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.

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.