Grup TCB to operate new Guatemalan terminal

  • Grup TCB will invest US$250 million in new infrastructure at the new TCQ terminal, Puerto Quetzal, as part of its 25-year concession

Grup TCB has been awarded a 25-year contract to operate the new Puerto Quetzal Container Terminal (TCQ) in Guatemala.

The terminal operator, who will have the option to renew the concession, will fund the project to the tune of $250 million.

The development of the new container terminal will be implemented in two phases. The first phase, requiring an investment of $120 million, will include the construction of a 300-metre long pier, boasting a depth of 12.5 metres and an adjacent yard area of 13 hectares. The second phase will see the yard extended by up to 21 hectares, the pier to 540 metres and its draught to around 14 metres.

Grup TCB will also acquire four ship-to-shore (STS) gantry cranes, a mobile harbour crane and 12 rubber-tyred gantry cranes (RTGs).

“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,” commented Grup TCB CEO, Xavier Soucheiron.

After TCBuen (Colombia), TCQ will be Grup TCB’s second container terminal located on the Pacific Coast.

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