Local Funding for Container Terminal
Guatemalan banks and investors will finance the Spanish company TCB for the construction of the new container terminal at Puerto Quetzal.
Tuesday, August 7, 2012
An article in Elperiodico.com.gt reports that "The Catalan company TCB is seeking financing from Guatemalans banks and investors to obtain the $120 million needed to build the new container terminal at Puerto Quetzal", said Allan Herberth Marroquin, Controller of the port of Quetzal (EPQ).
After having signed a contract for leasing the land for 25 years, the Spanish company Terminales de Contenedores de Barcelona will invest $120 million in the project.
The union for the Guatemalan port has offered $40 million so that its very own Quetzal Port Company will be the one to build the new container terminal initially awarded to the Spanish company TCB.
Having dismissed all legal action, the usufruct of land awarded to TCB for the construction of a new container terminal at Puerto Quetzal will be reactivated.
In light of the conflict caused by workers in Puerto Quetzal, the government has suspended the contract for leasing the land for a new container terminal which had been awarded to TCB.
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