Government to audit port concession in Guatemala
The Guatemala Prosecution Attorney took control of the container terminal of Quetzal Port in order to audit the company in charge of the concession.
According to sources, there could be evidences of an illegal money laundering framework operating at the terminal.
In April 2013, we reported that the Spanish firm, Grup TCB, had been selected to operate the new TCQ terminal at Puerto Quetzal, located on the Pacific coast of Guatemala. The total investment reached US$250 million in new infrastructure. Grup TCB had been granted an extendable 25-year concession to operate TCQ.
In March 2014, we informed that TCB was seeking support of the International Finance Corporation (IFC) and IFC was considering an up to US$45 million loan.
The development of the new Puerto Quetzal Container Terminal involves to phases. Phase one consists of the construction of 300 metres of pier with a depth of 12.5 metres and yard area of 13 hectares. The second phase will involve the yard extension of up to 21 hectares and 540 metres of pier with a depth of 14 metres. The infrastructure will include four STS gantry cranes, a mobile harbour crane and twelve RTGs.
Country news
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March 07, 2016
Guatemala publishes PPP project portfolio
The portfolio includes a total of nine projects, eight in planning stage and one in tender stage, to be developed under the PPP model. Most of the projects belong to the transport sector. Specifically, the portfolio includes the following projects: Read more -
June 28, 2013
Guatemalan PPP agency to tender US$120mn passenger train concession in 2014
According to local sources, the Guatemala's national agency for the development of economic infrastructure (ANADIE) is planning to tender a US$120 million concession for line 1 of Guatemala City's passenger train in 2014. Read more -
March 06, 2014
Spanish developer seeks support of IFC in Guatemala project
Spain's Grup TCB is seeking support of the International Finance Corporation (IFC), a member of World Bank Group, for the new TCQ terminal at Puerto Quetzal, located on the Pacific coast of Guatemala. Read more -
October 13, 2014
Guatemala seeks transaction advisor for PPP project
Guatemala's national agency for the development of economic infrastructure (ANADIE) has launched a tender process to hire a transaction advisor for the development of the state administration Center through a PPP project. Read more -
December 17, 2014
Guatemala launches building PPP tender
Guatemala's national agency for the development of economic infrastructure (ANADIE) has launched a tender process for the state administration Center PPP project. Read more
