Empresa Portuaria San Antonio (EPSA) has reported a Material Event to the Financial Market Commission (CMF), announcing that San Antonio Terminal Internacional (STI) has fulfilled the investment commitments outlined in 2020.
Consequently, the concession for the Chilean terminal has been extended until 1 January 2030—marking its second extension since the original agreement.
“In recent years we have implemented an intensive capex plan, investing US$66 million, of which US$47 million was to extend the concession. This not only lets us continue to operate the port but also to continue delivering excellent, safe service for foreign trade, positioning San Antonio Terminal Internacional as the most efficient, most important port in Chile and one of the leading ports in the Southern Cone,” commented STI general manager Andrés Albertini.
The agreement mandated investments in equipment, infrastructure, and technology to enhance operations in three key areas: dock, yard, and gate. These improvements have increased the terminal’s capacity by approximately 30%, reaching around 1.6 million TEUs annually.
Ramón Castañeda, the Port of San Antonio general manager, stated: “STI’s concession has been extended because it complied with the contract. For 24 years, it has successfully contributed to the Port of San Antonio’s growth. In addition, I would like to highlight our proven ability to build public-private agreements, which preserves San Antonio’s leading position and its importance as a strategic hub for Chile’s foreign trade. In this particular case, each of the concessionaire’s investments has made the terminal and the entire logistics chain more efficient and more competitive.”
In total, contractual investments along with additional contributions amounted to US$66 million. STI’s upgrades included the acquisition of two STS cranes, two RTG cranes, 27 new reefer towers, six reach stackers, 26 terminal tractors, and significant civil infrastructure and technological enhancements.
Furthermore, additional equipment purchases included a new empty container handler, 13 reachstackers, and 24 terminal tractors.
