Chile-based SAAM has expanded its operations at the Terminal Portuario Guayaquil (TPG) port in Ecuador (TPG) by adding the facilities of the adjacent Trinipuerto bulk terminal on a 40-year lease.
The expansion is expected to more than double the port’s container transfer capacity, facilitating its entry to the bulk cargo market.
SAAM has been operating the TPG port since 2006, which currently spreads across 12.4 hectares of area and is specialised in the transfer of containerised cargo.
The company has also announced plans to make an investment of approximately $60m in new infrastructure at the TPG port between 2016 and 2017.
TPG port’s berth will be extended by 120m under the new initiative, bringing its total length to 480m.
The procurement of modern equipment and addition of two Super Post Panamax (STS) cranes and five RTG cranes is also included in the investment scheme.
Furthermore, 4.5 hectares areas will be equipped for additional support. SAAM is planning to unveil the port's newly installed infrastructure by June.
SAAM said in a statement: “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.”
The company mainly provides services via the port for the Santa Ana Estuary located in Isla Trinitaria, a suburb of the city of Guayaquil, Ecuador.
Image: Ariel view of Terminal Portuario Guayaquil portin Ecuador. Photo: courtesy of SAAM.