Summary of Proposed Investment
Project Number
10678
Company Name
San Vicente Terminal Internacional S.A.
Date SPI Disclosed
Sep 28, 2001
Country
Chile
Industry
Infrastructure
Projected Board Date
Oct 31, 2001
Status
Completed
Sector
Port and Harbor Operations
Department
Regional Industry INF LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Mar 18, 2002
Signed : Feb 5, 2004
Invested : Mar 25, 2004
Project Description
SVTI has been established exclusively to operate, maintain and expand the Port of San Vicente under a 15-year concession granted by Empresa Portuaria Talcahuano-San Vicente (EMPORT), the port authority of San Vicente and the neighboring port of Talcahuano. The purpose of the project is to transform the Port of San Vicente into the most efficient port in region VIII. The project is expected to benefit from its important geographical location due to the presence of major Chilean export industries such as forestry and fishing. The project will also serve to increase growing regional trade with other Latin American countries by providing importers and exporters with better access to foreign markets at reduced costs. IFC ''s investment will contribute to strengthening the port sector by providing a well-managed and efficient container and general cargo facility. In addition, IFC''s support of the project, with the targeted participation of local and foreign financial institutions as co-financiers is expected to encourage and support Chile''s privatization efforts in this important sector.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. John Bressi, Chief Operating Officer, or
Mr. Felipe Barison, General Manager
Av. Latorre 1590 - Talcahuano, Chile.
Mr. Felipe Barison, General Manager
Av. Latorre 1590 - Talcahuano, Chile.