TCBuen

completed

The Project involves the construction of a new international container terminal (the “Terminal”) in the Port City of Buenaventura, Colombia’s second largest port. The Port City is located in the Pacific coast and accounts for about 42% of the containerized cargo received in Colombia each year. The Terminal will be located in Buenaventura’s urban area, 2.4 kilometers away from the existing terminal of Sociedad Portuaria Regional de Buenaventura. The new Terminal will affect an area of 27 hectares and includes a 490-m dock with associated deepening of the access channel and creation of a turning basin. Construction has been in progress since August 2008, with expected completion by the end of 2010. The Project will involve the development, engineering, construction, dredging, equipment purchases, and operation of the terminal. Once completed, the Terminal is expected to provide approximately 268,000 twenty foot equivalent units (“TEUs”) in operational capacity and will only handle containers. TCBuen will not handle or store hydrocarbons or bulk cargo such as coal or grains.