Terminal Portuario Guayaquil (TPG) has begun the expansion of its quayside and support areas, in works that should be completed by Q2, 2017.
Operated by Chilean SAAM since 2006, the terminal will lengthen its dock from 360 metres to 480 metres, add two new Super Post Panamax cranes, the largest in Ecuador, along with support areas.
Enrique Brito, Executive Chairman at TPG, said: “The beginning of these extension works is a milestone for TPG. This, together with other initiatives, will allow us to continue positioning the terminal as an efficient alternative in the export of products, and to collaborate with Ecuador’s commercial exchange”.
TPG handled over 2.27 million tons of cargo in 2015 and the completed works will increase transfer capacity at TPG by 25%.
This news follows the recent announcement of Yilport commitment to invest US$750 million in Bolívar Port in Machala City, Ecuador.