APMT QUETZAL
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Terminal de Contenedores Quetzal S.A. (TCQ) is developing a dedicated state-of-the-art container terminal within the existing Port of Quetzal, Guatemala. The terminal will start with an annual capacity of 350,000 twenty-foot equivalent units and will operate under a 25-year agreement with Empresa Portuaria Quetzal, the state owned company that owns and administers the Port of Quetzal. TCQ is majority owned by Spanish company Grup Maritime TCB (GMTCB), Spain's leading port terminal operator, specialized in containerized cargo and currently operating 13 terminals around the world.
What is our funding objective?
Guatemala has maintained constant economic growth in the past years. The Port of Quetzal is the only container port on the Pacific coast of Guatemala and is the natural recipient of increasing trade with Mexico, Asia and the West Coast of North and South America. The existing port facilities are not dedicated to container traffic, causing inefficiencies, and are highly congested. TCQ will offer modern dedicated container handling facilities with a deeper draft, greater productivity and better service. The funds will primarily be used for: (i) construction of a 350 meter quay with 12 meter draft; (ii) installation of the necessary cargo handling equipment including 2 ship-to-shore cranes and 6 rubber tyred gantry cranes; and (iii) development of the terminal's supporting backup areas and infrastructure.
Why do we fund this investment?
By providing scarce long-term project finance, FMO supports the development of much needed modern port infrastructure at the pacific coast of Guatemala. The project will strengthen Guatemala's international trade, which plays a significant role in the country's economic growth – a crucial factor for poverty alleviation.
- Website customer/investment
- http://www.gruptcb.com/html/index.php
- Region
- Latin America & The Caribbean
- Country
- Guatemala
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 5/5/2014
- Total FMO financing
- USD 25.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+