Overview
- The adenda signed at the Government Palace formalizes a 30‑year extension for TISUR and authorizes a $700 million modernization program following more than two years of state review by MTC, MEF, ProInversión and OSITRAN.
- Planned works include a new G‑class multipurpose quay, two breakwaters, expanded mineral storage and new electric/mobile cranes, with projected gains of +25% in berthing capacity, +50% in cargo handling and +22% in mineral storage.
- Near‑term actions begin immediately as TISUR moves to sign detailed engineering contracts, initiate environmental permitting and order three mobile cranes (two 80‑ton and one 100‑ton units) with roughly 10‑month fabrication lead times.
- Major civil works are slated to start in 2027, with TISUR expecting to execute about half of the committed investment before the original concession ends in 2029.
- The expansion targets current congestion—operations near 70% occupancy and costly vessel waits—and is positioned to serve large southern mining projects such as Zafranal and Tía María, with investor backing from Tramarsa/Grupo Romero and Global Infrastructure Partners.