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Published: 7 April 2013
Spanish operators boost Latin America interests
OHL Concesiones has reported that it has won the concession to manage and operate Terminal 2 in the port of Valparaíso. Grup TCB will operate the new TCQ terminal at Puerto Quetzal, on the Pacific Coast of Guatemala
The Valparaíso concession is for 30 years, during which OHL must invest around US$350M. The company stated that it beat the only other bidder, a consortium of Chilean civil contractor Besalco, Grupo Empresas Navieras and US-based Ports America.
OHL Concesiones said it would probably assume control of the terminal in October, taking over general cargo handling. The new container facility, occupying 13.6-ha, should be in operation in four years
The bids were opened on 2 April by the port authority, Empresa Portuaria Valparaiso.
OHL Concesiones is the Chilean affiliate of Spanish group OHL. It began operating in Chile in 2003 when it was awarded the concession to operate the Autopista Los Andes highway and subsequently it acquired concessionaires Autopista del Sol and Autopista Los Libertadores.
Grup TCB will invest US$250M in its 25-year (plus option) concession at Puerto Quetzal, its 12th operation globally and fifth in Latin America. In phase one, it will invest US$120M to build 300m of pier with a depth of 12.5m and a yard area of 13-ha. The second phase will involve the yard extension of up to 21-ha and 540m of pier with a depth of 14m. Handling equipment will include four STS gantry cranes, a mobile harbour crane and 12 RTGs.
Xavier Soucheiron, CEO of Grup TCB, said: “Adding 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. This agreement represents a further step in our consolidation as a global leader in container terminals and efficient management of port infrastructure."