HPH unsure of Lázaro Cárdenas investment

Hutchison Port Holdings has admitted it is concerned about the certainty and security of its investment in Lázaro Cárdenas, following the publication of a tender for a second container terminal at the Mexican port.

Second Mexican tender gives HPH the jitters

The operator has revealed that it may now make changes to its timetable for completion of various projects in response. In addition, it may revisit its investment plans for installations in the port in the short to medium term. However, HPH has stressed that operations at its existing box terminal in the port will not be affected.

HPH originally planned to invest $400m in the second phase expansion of its container terminal at the port. An additional 300 m of quay is planned along with 8,000 sq m of stacking yard, taking capacity to 1.4m teu.

The new 30-year concession, which will also contain an option for a further two years, will encompass an area of 850,000 m², to which a further 170,000 m² could be added if needed.

Bids for the second terminal must be received by August 25, 2011, with an award expected on October 18 and the contract signed no later than November 17.

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