Mexico
News

Mexico's SCT identifies billions in port infrastructure opportunities

Bnamericas Published: Thursday, July 25, 2013
Mexico's transport and communications ministry SCT has identified port infrastructure projects worth at least 62bn pesos (US$4.91bn) to be carried out over the next five years, said SCT ports director Guillermo Ruiz de Teresa during a press conference. "As a minimum, 62bn pesos will be invested, some 17.5bn pesos of which will be public sector funds and 45bn pesos will be private resources," said Ruiz de Teresa. The SCT hopes that this investment will ensure an increase in the amount of cargo handled in Mexico's ports from the 282Mt in 2012 to 500Mt in 2018. Some 20 projects have been identified, including development of the Manzanillo, Lázaro Cárdenas Altamira and Veracruz ports, construction of 11 specialized terminals and construction of new ports in Matamoros, Ceiba Playa and Ciudad del Carmen. The national environment ministry, Semarnat, is currently in the final stages of its analysis of the environmental impact of the expansion of the Veracruz port and the SCT hopes to open the project to public consultation within the coming weeks. Expansion of the existing Veracruz port is expected to cost 21bn pesos, said the director. Construction of a new cruise ship terminal in Puerto Vallarta will cost 700mn pesos and is being funded by the private sector entirely. The project will be launched within the next three months, said the director.

To continue reading, subscribe to BNamericas to get all the information in this article and access to related news items and reports.

Subscribe to BNamericas and gain access to thousands of project profiles, key contacts and news.

Other projects in: Infrastructure (Mexico)

Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.