Deals

OHL docks at Chilean terminal

The Spanish firm's has won a 30-contract to manage Terminal 2 at Valparaíso Port, where it will have to invest €270m.

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OHL Concesiones, the concessions arm of Spanish infrastructure group OHL, has won a 30-year concession to operate a terminal at Chile's Valparaíso Port, the company announced earlier this week.

OHL will take over the running of Terminal 2 at Valparaíso Port later this year and has committed to invest over €270 million in it, as part of the contract.

The latter includes development of a new, 725-metre quay for containers, which will be able to service at least two Super-Post Panamax ships starting in 2017.

Terminal 2 will have an annual capacity of 950,000 twenty-foot equivalent units (TEUs).

Press reports state OHL outbid a consortium of Empresas Navieras, Besalco and Ports America to win the Chilean terminal concession.

The contract is OHL's third in the ports sector and its first outside of Spain, where its two other port concessions are located.