Limons $950m price tag

He added that the original $812m budget was no long realistic as it dated back to 2004, following a survey by Dutch firm Royal Haskoning.

The tender process has also been delayed again as one of the participating firms is requesting more time to present its offer, another delay on a tender originally launched in April 2009.

The terminal will be developed 10km from the existing Moín and Limón port terminals and involves a construction area of 1,500m². The new port will have the capacity to handle panamax vessels.