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SAAM Finalizes US$ 60 million in Investments at Terminal Portuario Guayaquil, Ecuador

By 17 de May de 2017August 8th, 2023Investors, Port Terminals

Terminal Portuario de Guayaquil (TPG) expands operations by incorporating a nearby bulk terminal.

The recently added infrastructure, complemented by investments in cranes and equipment, will double the container terminal’s current capacity and allow it to enter the bulk cargo market.

The new infrastructure is expected to be inaugurated in June.

Santiago, May 17, 2017.- SAAM announces that the port it has operated in Ecuador since 2006, Terminal Portuario Guayaquil (TPG), incorporated the facilities of the adjacent Trinipuerto terminal through a 40-year lease, which will more than double its container transfer capacity and enable it to enter the bulk cargo market.

Between 2016 and 2017, TPG will invest close to US$ 60 million in new infrastructure. This investment plan includes expanding the berth by 120 meters (to total 480 meters); purchasing modern equipment, including two Super Post Panamax (STS) cranes and 5 RTG cranes; and equipping 4.5 additional hectares for support areas.

With these investments, TPG hopes to properly meet increased demand from commercial contracts signed recently that will help almost triple its activity in upcoming months.

TPG is a port operated by SAAM to provide services at the base of the Santa Ana Estuary located in Isla Trinitaria, a suburb of the city of Guayaquil, Ecuador.