STI to invest US$46.m at Port of San Antonio
San Antonio Terminal Internacional (STI) and Puerto San Antonio (EPSA) have signed an amendment to the Concession Agreement to develop a new investment plan that, once complete, will extend the concession for five more years.
The agreement calls for replacing construction of an esplanade considered initially in the possible extension with contributions of equipment, infrastructure and technology that will help improve STI along three dimensions: dock, yard and gate, boosting capacity by approximately 30% to around 1.6 million TEUs/year.
It involves US$ 46.6 million in investments, including two STS cranes and two RTG cranes, six reach stackers, 26 new trucks, eight chassis, new civil infrastructure and technology, among others.
The investments are scheduled to start in 2021 and must be received and approved by Puerto San Antonio no later than the end of 2024.