Empresa Portuaria San Antonio (EPSA) has informed the Financial Market Commission (CMF) that San Antonio Terminal Internacional (STI) has met its 2020 investment commitments, resulting in the concession being extended to 1 January 2030.
The agreement called for equipment, infrastructure, and technology investments to improve three dimensions: dock, yard, and gate, boosting capacity by approximately 30 per cent to around 1.6 million TEU per year.
In aggregate, the contractual investments and additional contributions totalled $66 million. As per the contract, STI invested in two STS cranes, two RTG cranes, 27 new reefer towers, six reachstackers, 26 new terminal tractors, and new civil infrastructure and technology, among others.
The additional equipment purchased included a new empty container handler, 13 reachstackers and 24 terminal tractors.
“In recent years we have implemented an intensive capex plan, investing US$66 million, of which $47 million was to extend the concession,” said STI general manager Andrés Albertini.
“This not only lets us continue to operate the port, but also to continue delivering excellent, safe service for foreign trade, positioning San Antonio Terminal Internacional as the most efficient, most important port in Chile and one of the leading ports in the Southern Cone.”
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“STI’s concession has been extended because it complied with the contract,” said Ramón Castañeda, general manager of the Port of San Antonio.
“For 24 years, it has successfully contributed to the Port of San Antonio’s growth. In addition, I would like to highlight our proven ability to build public-private agreements, which preserves San Antonio’s leading position and its importance as a strategic hub for Chile’s foreign trade.
“In this particular case, each of the concessionaire’s investments have made the terminal and the entire logistics chain more efficient and more competitive.”
Earlier this October, APMT received approval to extend its current concession in partnership with Aqaba Development Corporation (ADC) for another 15 years until 2046.
