APM Terminals has received a $900m contract to build and operate a deepwater container terminal (TEC2) at the Port of Lázaro Cárdenas in Mexico.
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The company said it will undertake a phased plan to design, finance and build an expansive facility, with the first phase consisting of a $300m investment to build a 43ha container yard, a 650m quay and two berths.
Phase one is expected to be completed in 2015 and operations are scheduled to commence in the first quarter of 2015; APM will operate the terminal under a 32-year concession agreement.
APM Terminals CEO Kim Fejfer said the new port will increase Mexico’s international trade competitiveness, attract more foreign investment and reduce logistics costs through higher operational efficiency.
Upon completion of the final phase, the terminal will have a total area of 102ha, with 1,485m of quay, four berths and 16.5m water depth in the channel and alongside.
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By GlobalDataConstruction also includes an administration building, warehouse, gates and modern on-dock rail facilities to serve growing intermodal cargo volumes to Mexico city.
The on-dock railyard is designed to allow shipping lines to pre-stow intermodal cargo for direct transfer to rail and the tracks will be built parallel to the berth.
The site will include five super-post-panamax ship-to-shore gantry cranes and equipment to transfer boxes directly to rail.
The company has also partnered with Mexico-based construction company ICA, who will have a 5% share, to leverage ICA’s expertise in construction and high standards with materials procurement in the Mexico market.
In Mexico, APM operates inland services in Ensenada, Lázaro Cárdenas and Manzanillo, focussing on inland transportation and storage depots.
Caption: The first phase of the terminal is expected to be completed in 2015 and operations are set to start in the first quarter of 2015. (Image courtesy of APM Terminals.)
