Guatemala: Puerto Quetzal Still Without Contract

The productive sectors are urging an agreement between the President and Congress of Guatemala to formalize the concession of the container terminal to APM Terminals.

Tuesday, November 22, 2016 reports that "...The awarding of the Quetzal Container Terminal  (TCQ by its initials in Spanish), is in the eye of the storm because there is no agreement on what is the legal method to establish a new contract. The Executive has already sent the proposal for a direct award, but opposition deputies questioned the proposed mechanism, while the private sector is urging both agencies to seek an early solution to the problem. "  

"... Since its inception, the contract with the Container Terminal of Barcelona (owner of TCQ), by President Otto Perez Molina, caused doubts and after a judicial inquiry ex-leaders and other former officials and representatives of the firm were accused of establishing an "irregular" agreement in exchange for bribes.  After complaints and arrests, the terminal was left at an impasse because they then proceeded to request the cancellation of the contract and appointed an auditor, but the facilities have remained unused due to lack of resources to operate it."

"... The Executive wants to directly hand over TCQ for operation by the transnational APM Terminals, which acquired the assets of the Container Terminal of Barcelona, but according to the company, ignoring the irregularities."

See full article

¿Busca soluciones de inteligencia comercial para su empresa?

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.

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.