FOR IMMEDIATE RELEASE
June 5, 2013
MEDIA INQUIRIES:
Steve Lewis | (703) 875-4357

USTDA GRANT SUPPORTS DEVELOPMENT OF INTERMODAL CORRIDOR IN CHILE
Improving transportation connections between the Port of San Antonio and the city of Santiago

SANTIAGO, CHILE – USTDA awarded a grant May 22, 2013 to Empresa Portuaria San Antonio (Port Company of San Antonio or "EPSA"), in support of its efforts to increase the Port of San Antonio's cargo handling capacity and facilitate traffic by rail between the port and the capital city of Santiago. The USTDA grant is supporting a feasibility study that will help EPSA analyze the technical and financial aspects of implementing the proposed San Antonio-Santiago Intermodal Corridor.

EPSA, the company responsible for overseeing the development and operation of the Port of San Antonio, intends to develop the rail intermodal corridor to improve access to global markets and enable a further increase in cargo throughput necessary to accommodate the country's continued economic expansion. The $620,000 grant was signed by Alejandro Wolff, U.S. Ambassador to Chile, on behalf of USTDA, and by Aldo Signorelli, General Manager of EPSA.

"USTDA is pleased to partner with EPSA on the development of the San Antonio – Santiago Intermodal Corridor, which will reduce delays and congestion as well as lower environmental impacts by transporting more cargo by rail, said Nathan Younge, USTDA Regional Director for Latin America and the Caribbean.

"When implemented, this project will provide substantial opportunities for U.S. providers of intermodal and port management systems and technology."

The grant funding provided today builds on previous USTDA support for the ports sector in Chile. In October 2012, USTDA funded a reverse trade mission to familiarize Chilean officials from the ports of San Antonio and Valparaíso with port operational enhancement technologies in the United States.

The opportunity to conduct the USTDA-funded feasibility study will be competed on the Federal Business Opportunities (FBO) website. A link to the FBO announcement will be posted to USTDA's website at www.ustda.gov. Interested U.S. firms should submit proposals according to the instructions in the FBO announcement.

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The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.

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