SAAM, the second-largest port operator in South America, has just announced that the port it has operated in Ecuador since 2006, Terminal Portuario Guayaquil (TPG), incorporated the facilities of the adjacent Trinipuerto terminal through a 40-year lease.
Under the agreement, TPG will invest close to $60 million in new infrastructure in the following period.
This investment plan includes the berth expansion by 120 meters (to total 480 meters); purchasing modern equipment, including two Super Post Panamax (STS) cranes and 5 RTG cranes; and equipping 4.5 additional hectares for support areas.
“With these investments, TPG hopes to properly meet increased demand from commercial contracts signed recently that will help almost triple its activity in upcoming months,” said SAAM in its release.
TPG is a port operated by SAAM to provide services at the base of the Santa Ana Estuary located in Isla Trinitaria, a suburb of the city of Guayaquil, Ecuador.