The ribbon cutting ceremony for the new APM Terminals Quetzal, aimed to transform Guatemala’s port sector by offering the highest productivity port operations in the country, took place yesterday, the company said in their latest announcement.
APM Terminals Quetzal has a capacity of 340,000 TEUs and is a 85%/15% joint venture between APM Terminals and The IFC – World Bank.
Speaking to government leaders, diplomats, customers and guests at the port inauguration ceremony, APM Terminals Chief Commercial Officer, Henrik Lundgaard Pedersen, said: “Every country wants access to a competitive port – and we are proud to design our new container terminal around the country’s growth needs and Guatemalan businesses.”
“APM Terminals Quetzal will play a strategic role in Guatemala’s economic future and competitiveness in world markets. The container terminal you see here is a Guatemalan success story – run by Guatemalans with 170 new jobs created here and hundreds of indirect jobs for the future.”
APM Terminals said in their announcement that they already invested $180 million in the terminal and have plans to invest an additional $145 million over a 19 year period.