The Spanish company announced it plans to begin operations of Puerto Quetzal Container Terminal by the end of 2015. TCB Group was granted a 25-year concession last year to develop the 34 hectare container terminal and announced it would invest $250m in two phases.
The new terminal is located 110 km from the capital city, Guatemala and will be the only terminal on the Pacific, between the Panama Canal and the state of Michoacán in Mexico, equipped to provide services to post-panamax vessels that will begin to transit the expanded Panama Canal in 2016.
In its first phase TCB Group will invest $174.7m in building the terminal with a 400,000 teu- capacity with a container-yard area of 13 hectares and 350 m of quay. In a second phase, Port Quetzal Container Terminal would add a container-yard extension up to 20 hectares and 540 m of quay to raise capacity to 700,000 teus, for a total investment-phase one and two- of $250m.
In 2012, the present Puerto Quetzal moved some 200,000 teu. The Spanish Group TCB is also investing $250m in Buenaventura, Colombia, to expand its container terminal and increase capacity to 600,000 teu.
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