Terminales Rio de la Plata S.A.

repaid

Terminales Rio de la Plata S.A. ("TRP" or the "Company") is an Argentine company that holds the concession rights under a 25-year concession agreement to operate Terminals 1, 2, and 3 of the Puerto Nuevo in the City of Buenos Aires. TRP’s core business is handling containers, although it also handles general cargo and vehicles and runs the only terminal at the Port of Buenos Aires for passenger vessels. TRP’s total quay line is 2,143 meters, with water depth of 9.8 meters, and a total landside area of 43.5 hectares.The project will help TRP finance its 2006-2007 investment program and refinance its existing debt. The investment program includes the purchase of one gantry crane, additional gantry cranes for the container yard, and other equipment; the relocation of an existing gantry crane from Terminal 1 to Terminal 2; the demolition of a warehouse in Terminal 3 to expand the container yard; and the installation of additional reefer plugs.The IIC will work with other multilateral organizations to provide TRP financing at terms not otherwise available in Argentina.TRP is the main terminal of the Port of Buenos Aires, handling 40% of all containers that pass through the port. Argentina’s economic recovery has led to a boom in port activity in recent years, and the Port of Buenos Aires will face serious limitations by 2009 if investments are not made to increase its capacity. The IIC will make a significant contribution by providing funding to prepare the port for the expansion project, increase port efficiency, and enable port authorities to meet the growing demand in the years to come. The benefits will be felt by Argentina, consumers, producers, and transport workers.