Terminales Rio de la Plata S.A. (“TRP” or the “Company”), an existing IFC client, operates an international container facility in the port of Buenos Aires under a 25-year concession awarded in 1994 and ending in 2019. The Company operates three finger piers, in which there are 8 Quay Cranes, in an area of 43.5 hectares (depth of 9.8m). TRP handles containers, break bulk, vehicles as well as cruise passengers through its operation of the “Benito Quinquela Martín” Cruise Terminal which handles all cruise traffic in the Port of Buenos Aires. Over the last years, the number of cruise ships calling Buenos Aires has increased from 65 in 2004/2005 to 141 in the 2009/2010 season resulting in increased passenger traffic in the terminal building from 66,000 to more than 336,000. Given the sustained growth of the cruise traffic in Buenos Aires, TRP is investing to refurbish the cruise passenger terminal and improve the service provided to its cruise passengers. At the same time with the objective of reducing congestion in the berthing of ships that occurs during the peak season, TRP is modifying the layout of one of the piers. This will allow TRP to better support their clients in the Cruise business, improve efficiency of its overall operation and deliver a higher value service to passengers and shipping lines. Under the proposed project, IFC would help TRP finance (i) the modification of one of the Company’s piers; and (ii) the refurbishment of the cruise terminal building. Upon completion, TRP will increase its ability to simultaneously berth the largest cruise ships in a separate area of the terminal. Additionally, the new cruise terminal building will be able to handle 480,000 passengers per season with an improved level of service.