Aguadulce Port Container Terminal - Phase 1

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In December 2007, the Philippine company ICTSI was awarded the 30-year contract to build and operate a container terminal at the Aguadulce Port, Buenaventura. The first phase in the development of the terminal targeted a capacity of 600,000 TEUs. The sponsor created the special purpose company Sociedad Puerto Industrial de Aguadulce SA (SPIA) to lead the project (ICTSI held 91.28% of the shares of SPIA). The investment in the first phase was estimated at US$ 103.7 million, of a total commitment of US$ 586 million. In 2013, PSA acquired a 45.64% stake in the project. Construction works commenced in 2008, but progressed slowly. As of October 2015, the construction works were in its final stages and operations were set to commence in 2016. http://www.colombiacompra.gov.co/sites/default/files/concesiones/aguadulce.pdf