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STI to invest US$46.6m to extend concession at the Port of San Antonio

STI to invest US$46.6m to extend concession at the Port of San Antonio
STI

San Antonio Terminal Internacional (STI) has signed an amendment to the Concession Agreement with Puerto San Antonio (EPSA) to develop a new investment plan.

Once complete, this investment plan will extend the concession for five more years with the original concession, set to expire in 2025, continuing until 2030.

Instead of construction of an esplanade initially considered in the possible extension, the agreement now includes contributions of equipment, infrastructure and technology in order to improve the terminal.

The agreement will help improve STI along three dimensions: dock, yard and gate, and will boost capacity by approximately 30% to around 1.6m teu per year.

It involves US$46.6m in investments, including two ship-to-shore cranes (STS), two rubber-tyred gantry (RTG) cranes six reachstackers, 26 new trucks, eight chassis, new civil infrastructure and technology and more.