Grup TCB will operate the new TCQ terminal at Puerto Quetzal in Guatemala for the next 25 years with an option to renew the contract.
In order to improve service levels and productivity of container operations in the area, the maritime freight management company said it will invest $250 million in new infrastructure.
The development of the new Puerto Quetzal Container Terminal will be implemented in two phases. In the first phase, Grup TCB will invest $120 million to build 300 meters (about 984 feet) with a depth of 41 feet and yard area of 13 hectares (about 32 acres). The second phase will involve a yard extension of up to 52 acres and 1,772 feet of pier with a depth of 46 feet. The infrastructure will include four ship-to-shore gantry cranes, a mobile harbor crane and 12 rubber-tire gantry cranes.