Terminales Rio de la Plata S.A.

completed

_x000C_Terminales Rio de la Plata S.A. (“TRP” or the “Company”) operates an international container facility in the Port of Buenos Aires under a 25-year concession. The Company operates 3 piers (Terminals 1, 2 and 3) with a total quay line of 2,322 meters (water depth of 9.8 meters) and a landside area of 43.5 hectares. TRP’s initial concession covered Terminals 1 and 2, and in 2000, TRP acquired Terminales Portuarias Argentinas S.A. (“TPA”), which operated the adjacent Terminal 3. TRP handles containers, general cargo, vehicles, and passengers. Container activity represents over 90% of total revenues. Under the proposed project, IFC would help TRP finance its 2006-2007 investment program and refinance its existing debt. TRP’s investment program includes the purchase of one ship to shore crane, additional rubber tyred gantry cranes (container yard cranes) and other equipment; the relocation of an existing ship to shore crane from Terminal 1 to Terminal 2; the demolition of a warehouse in Terminal 3 to create more yard space; and the installation of additional reefer plugs. TRP is operated and majority-owned by P&O Australia Ports Pty Ltd. (“P&O Ports”). P&O Ports is a world leader in port development and operation, operating 27 container terminals in 18 countries, with other cargo handling interests and logistics operations in more than 100 ports around the world.