Funding for Quetzal Container Terminal

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

Tuesday, February 25, 2014

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.

The container terminal will be located in Puerto Quetzal, Escuintla and "will be able to handle in the first stage equivalent to 340,000 20-foot containers (TEUs) units. When completed, the terminal will have capacity to handle 700,000 containers / TEUs each year."

" ... With the new facilities, Puerto Quetzal will be able to facilitate trade with new markets in South America and Asia, as it will be able to receive post- Panamax ships, the new standard of dimensions derived from the expansion of the Panama Canal".



More on this topic

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.

Local Funding for Terminal de Contenedores Quetzal

April 2013

The Spanish company which is to build and operate the new container terminal at Puerto Quetzal, is seeking $250 million from banks in Guatemala.

As explained by Juan José Suárez, CEO of Container Terminal Quetzal (TCQ), the advisory firm Everis, will be responsible for making the round of contacts with the banks which could finance the construction of a new dock and terminal in the Port of Quetzal (EPQ).

Economic Analysis of Puerto Quetzal Lease

August 2012

A study revealed that an international tender to award a concession for the lease of 35 thousand square meters would have generated more income for the state.

It was also noted that the essential new container terminal could have been built with the Port of Quetzal’s (EPQ in Spanish) own funds: "The EPQ is a profitable company, which in 2010 had earnings of Q137 million [$17.4 million] and in 2011 Q120 million [$15.3 million]. It also has between Q680 and Q700 million [ $86.6 million to $89.1 million] in banks.

New Container Terminal at Puerto Quetzal

August 2012

After having signed a contract for leasing the land for 25 years, the Spanish company Terminales de Contenedores de Barcelona will invest $120 million in the project.

After a rumor had spread about a concession for Puerto Quetzal in Guatemala, which would have involved an international competitive tender, the controller of the port of Quetzal (EPQ), Allan Marroquin, yesterday informed Prensa Libre that "three week ago a contract was signed under which 35 thousand square meters will be leased to the Spanish company in Terminales de Contenedores de Barcelona (Grupo TCB). "

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