This week, the Valparaíso Port Company (EPV) and Terminal Portuario Valparaíso (TPV) — a company belonging to Grupo de Empresas Navieras (GEN) — signed an amendment to the concession agreement that will extend the operation of Terminal 2 until December 2029, ensuring the operational continuity of the Espigón terminal while the process for the future expansion and development of the port moves forward.
The agreement provides for the continued operation of berths 6, 7, and 8 under the current conditions, delivering stability to the port and logistics system and guaranteeing operational continuity during a key stage in the future development of the Port of Valparaíso.
The extension was previously approved by the Competition Defense Tribunal (TDLC), which concluded that the measure is consistent with current regulations and represents an appropriate solution to ensure the terminal’s operation during the transition period leading up to the next long-term concession.
For GEN, this milestone is particularly significant due to its longstanding connection with the Valparaíso Region, where the group originated and where it continues to carry out an important part of its operations.
In this regard, GEN’s Chief Executive Officer, Felipe Arriagada, stated: “The group’s presence in the Valparaíso Region is extremely important to us because this is where our roots are, and part of our strategy is to continue growing and maintaining an active presence in the area.”
The continuation of the concession will allow TPV to keep contributing to the region’s port development, maintaining the operational standards that have characterized its management and strengthening Valparaíso’s role as a strategic gateway for Chilean foreign trade.
Regarding the role of Terminal Portuario Valparaíso (TPV) within the holding company, Arriagada highlighted that “it is an important asset for the group due to the type of cargo it handles and the way we conduct our operations. It serves as a benchmark in areas as relevant as safety, operational efficiency, and the way we treat people — all of which are core elements of how we do business.”
In line with this, TPV Director Camilo Fernández emphasized the terminal’s strategic importance within the group’s port network, particularly because of its leadership in breakbulk cargo handling in the region.
“TPV handles 80% of the breakbulk cargo transferred through the region, with the main products including steel, fruit, jumbo bags, project cargo, passenger vessels, and, to a lesser extent, automobiles and other types of cargo. For this reason, it is clearly one of our development priorities, allowing us to strengthen our network and facilitate knowledge transfer to improve the experience of customers operating through the terminal today and in the long term,” Fernández stated.
This milestone will allow Terminal 2 to continue operating during a crucial period for the future development of the Port of Valparaíso, providing greater stability to the logistics chain and foreign trade while progress is made toward the next concession process.
For his part, the Chairman of the Board of Terminal Portuario Valparaíso (TPV), Matías Laso, welcomed “the willingness and recognition of our work shown by EPV. We see this as an opportunity to continue contributing to the sustainable development of the Port of Valparaíso, strengthening our relationship with our customers, terminal workers, and all stakeholders involved in this logistics chain.”
This development will support an orderly transition toward the next concession process, strengthening the competitiveness of the Port of Valparaíso and contributing to the sustainable development of key infrastructure for both the Valparaíso Region and the national port and logistics system.
