Quetzal Container Terminal to Start Operations Soon

Following the authorization granted to TCQ by the Superintendency of Tax Administration to function as a temporary customs warehouse, its entry into operations for October has been announced.

Monday, August 8, 2016

An article in Prensalibre.com reports that   "...The auditor of the TCQ, Alexander Aizenstatd said that with the authorization published in Diario de Centro América on Friday, an intermediate stage has started where there a link is formed with the authorities of the SAT, in order to subsequently ask for the entry into operation. 'Closer ties have now been made with the National Port Commission for certification and following this a certification will be requested for the Marina. The plan is for the TCQ to be operational at the end of September, or beginning of October. ' "

In early June this year the Quetzal Container Terminal was taken over by the Guatemalan public prosecutor's office, after the Public Ministry revealed the existence of indications that the terminal was operating an illegal network for laundering money  and other assets.

The situation may have been resolved by the decision of the shipping group Maersk, to which the original concessionaire TCB sold its rights to TCQ, to pay the State of Guatemala $43 million in compensation, in order to be able to continue the project.

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