APMT inks Mexican deal

News 1 Aug 2012 by WCN Editorial

After winning a tender on 15 December 2011, APM Terminals Lazaro Cardenas has signed a 32-year concession contract with the Port Authority of the Mexican Port of Lazaro Cardenas (APILAC) for the design, financing, construction, operation, and maintenance of a new container terminal at the port.

𝕏

Construction work will start by September of this year, with the first phase, costing over US$300M, scheduled for completion in 2015. APM Terminals has signed a design-build contract with one of the major contractors in Mexico, Empresas ICA, which is a minority shareholder in the concessionaire company.

In phase one, a new 43 hectare container yard and 650m quay will be built. Additional works will include an administration building, warehouse, gates, and modern on-dock rail facilities to accommodate the growing volumes of intermodal traffic.

Equipment in the first phase will include seven superpost&8208;Panamax ship&8208;to&8208;shore gantry cranes (23 container outreach), as well as E-RTGs and other specialized equipment.

The terminal will undergo a phased expansion in accordance with provisions stipulated in the concession agreement. Once the final phase is completed, the terminal will offer a total area of 102 hectares, with 1,485m of quay with a water depth in the channel and alongside the quay of 16.5m. Total investment in the project is put at US$900M.

This will be the second container terminal at Lazaro Cardenas. The existing facility, which opened is 2003, is operated by Hutchison Port Holdings