Guatemala: Port Concession At Risk

Actions have been announced by the Comptroller General's Office to declare the contract signed in July 2012 with the Spanish International Container Terminal Quetzal as detrimental.

Thursday, August 13, 2015

An article on reports that "... the Comptroller General of Accounts, Carlos Mencos, confirmed to La Hora that no later than next week, a group of lawyers from the company submitted to the Attorney General's Office, the documentation needed to declare the usufruct contract between the Spanish company Container Terminal Quetzal (TCQ) and EPQ, signed in July 2012 as harmful.

Mencos noted that "... The strongest evidence is the contract itself, as it contains a series of aspects that are harmful. The Spanish company currently has multiple advantages and benefits to compete under the current conditions of the operations of Port Quetzal. In this case, there are already criminal complaints in other instances, but perhaps they have not been sufficiently sustained and forceful, which has not allowed this agreement to be suspended. "

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.

Guatemala: Port Concession At Risk

September 2015

The Attorney General's Office has recommended the onerous usufruct contract signed with the Spanish Terminal de Contenedores Quetzal be declared void.

If the Executive Branch does not declare it void, as recommended by the Attorney General's Office (PGN), this entity could "take appropriate action".

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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