The Costa Rica managing director said: \u201cSome people think that Moin is not going ahead, but the rumours are not true. Today, we signed with CH2MHill and we are proud to have them on board.\u201d<\/p>\n
American engineering, construction, and operations provider CH2MHill made the headlines recently for its acquisition of UK-based consultant Halcrow for $124m.<\/p>\n
Maintaining that Costa Rica\u2019s ports are currently closed for business 10% of the time through strikes, bad weather and public holidays, Capt Gallie said: \u201cThat is not going to happen in the future.<\/p>\n
\u201cSome of the region\u2019s ports are 20 years behind the curve and they are paying the price. Freight rates from Costa Rica are some of the highest in the region and that\u2019s due to inefficiency.\u201d<\/p>\n
To improve efficiency, APM Terminals is ploughing some $992m into Moin, including $124m on the construction of a breakwater, $192m for dredging of 500,000 m3, and $344m on equipment.<\/p>\n
\u201cWhat we need to do in Latin America is bring the infrastructure up to date,\u201d said Capt Gallie. \u201cThe ships that are going to cascade are still big ships, so the equipment and civil engineering is still important in the region.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
APM Terminals\u2019 Capt Paul Gallie flatly dismissed rumours that the group\u2019s Costa Rican venture has stalled to delegates at TOC Americas taking place in Panama this week.<\/p>\n","protected":false},"author":8,"featured_media":8374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56],"tags":[],"sponsor":[],"class_list":["post-8373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-south-america"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=8373"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8373\/revisions"}],"predecessor-version":[{"id":8375,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8373\/revisions\/8375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/8374"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=8373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=8373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=8373"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=8373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}