Guatemala: Grup TCB to Operate Terminal at Puerto Quetzal
Grup TCB, a global reference in maritime freight management, will operate the new TCQ terminal at Puerto Quetzal, located on the Pacific coast of Guatemala, for the next 25 years with an option to renew the contract.
In order to improve service levels and productivity of container operations in the area, the company will invest $250 million in new infrastructure.
The development of the new Puerto Quetzal Container Terminal will be implemented in two phases. In phase one, it will invest $120 million to build 300 metres of pier with a depth of 12.5 metres and yard area of 13 hectares. The second phase will involve the yard extension of up to 21 hectares and 540 metres of pier with a depth of 14 metres. The infrastructure will include four STS gantry cranes, a mobile harbour crane and twelve RTGs.
With the launch of the Puerto Quetzal Container Terminal, Grup TCB strengthens its presence as a leader in container terminal management, specialising in the optimisation of resources to increase the capacity of terminals which it operates. TCQ is the company’s twelfth terminal subsidiary, and the fifth in the Americas. After TCBuen (Colombia), it will be the second Grup TCB terminal on the Pacific coast.
According to Xavier Soucheiron, CEO of Grup TCB, “To incorporate this port in Guatemala to our portfolio will allow us to expand our business with large shipping companies in East Asia and the US west coast. We are very satisfied with this agreement, which represents a further step in our consolidation as a global leader in container terminals and efficient management of port infrastructure”.
Juan Jose Suarez, Director General of TCQ, says: “The experience of Grup TCB in improving the performance at port terminals, as it can be observed at its subsidiary in Colombia, is the main strength that will significantly increase TCQ´s cargo capacity at such a strategic location as Puerto Quetzal“.
Press Release, April 11, 2013