APM wins Lázaro Cárdenas concession
APM is aiming to make Mexico more competitive in world markets
APM Terminals has won a deepwater container terminal bid at Mexico's Port of Lázaro Cárdenas, snaring a project that includes a 32-year design, build and operate concession of a greenfield site.
The investment of $900m will strengthen infrastructure and give a much needed boost to the country's social and economic development.
APM Terminals spokesperson, Tom Boyd, said to Port Strategy: “APM Terminals is investing in high growth markets – and Mexico clearly fits our investment criteria with its inherent port congestion, strong economic growth forecast and demographic patterns. Our goal is to make the port a much stronger, higher productivity facility that will attract more business and make Mexico more competitive in world markets.”
The new terminal sits neatly into APM’s broader strategy to help boost the port and its infrastructure and create near sourcing benefits for logistics providers serving North America.
Phase 1 of the development includes an investment of $300m for a new 43 hectare container yard, 650 metre quay with two berths and modern on-dock rail facilities serving growing intermodal cargo volumes to Mexico City and further north to Monterrey.
New container equipment including five super post panama ship to shore gantry cranes and 17 e-RTGs will also be purchased.
This first phase will be completed by 2015 and operations will start in the first quarter.
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