Global freight company, Grup TCB, is to invest US$250m in the new TCQ terminal at Puerto Quetzal Port, located on the Pacific coast of Guatemala, which it will operate for the next 25 years.
For the first phase of development, it will invest US$120m to build 300m of pier with a depth of 12.5m and yard area of 13 hectares. The second phase of development will include the yard extension of up to 21 hectares and 540m of pier with a depth of 14m, four STS gantry cranes, a mobile harbour crane and 12 RTGs.
TCQ is Grup TCB’s twelfth terminal subsidiary and the fifth in Latin America. It says its investment in new infrastructure will improve service levels and productivity of container operations in the area.
Xavier Soucheiron, CEO of Grup TCB, said: “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.”
The Quetzal Port Authority hopes to increase the port’s competitiveness and increase the volume of cargo.
Juan Jose Suarez, director general of TCQ, added: "The experience of Grup TCB in improving the performance at port terminals is the main strength that will significantly increase TCQ´s cargo capacity at such a strategic location as Puerto Quetzal".
