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).

Responding to the criticisms raised after the granting of a lease for the land in Puerto Quetzal to the company Barcelona Container Terminal, the official "again justified the unilateral grant of usufruct to the company TCB, saying it is not subject to tender because the Port legislation allows it. "

Marroquin said: "While noting that seven companies were invited to build the new terminal, only TCB accepted non-exclusivity in the mobilization of containers, therefore the decision was made to grant the lease of the land to build the terminal. For this end, he said, TCB is seeking financing from Guatemalan banks and investors to build the work. "

More on this topic

New Container Terminal at Puerto Quetzal

August 2012

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.

After a rumor had spread about a concession for Puerto Quetzal in Guatemala, which would have involved an international competitive tender, the controller of the port of Quetzal (EPQ), Allan Marroquin, yesterday informed Prensa Libre that "three week ago a contract was signed under which 35 thousand square meters will be leased to the Spanish company in Terminales de Contenedores de Barcelona (Grupo TCB). "

Puerto Quetzal: Workers Offer to Finance Terminal

August 2012

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.

The union's general secretary, Lazaro Reyes, said they would be willing to invest in the labor liabilities and deposits in the new terminal in order to ensure that it is the port who will manage the services.

Project in Puerto Quetzal Reactivated

January 2013

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.

Allan Marroquín, Comptroller of Empresa Portuaria Quetzal (EPQ), indicated that the processes that are pending should not extend beyond the February 2013.

Container Terminal On Hold

August 2012

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.

The controller of the port of Quetzal, at the close of the meeting with union representatives said, "We will not hand over the land nor give anything that provides continuity to the contract.

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