US $46m Concession Extension Investment

San Antonio Terminal Internacional (STI) will invest US$46m to extend its concession at the Port of San Antonio in Chile.

STI and Puerto San Antonio (EPSA) signed an amendment to the Concession Agreement to develop a new investment plan that, once complete, will extend the concession for five more years to 2030.

“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,” said SAAM Puertos, which has a 50% share in STI.

Extensive deal

The agreement involves US$46.6m in investments, including two STS cranes and two RTG cranes, six reach stackers, 26 new trucks, eight chassis, new civil infrastructure and technology…

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