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"The new Moin container terminal is a project of the Costa Rican state which will promote the country's global competitiveness and the socioeconomic development of the province of Limón, which is why this verdict motivates us and strengthens our confidence in the judicial system," said the managing director of APM Terminals Moin, Paul Gallie, in a release.
APM Terminals won the concession to build and operate the port in August 2011 and the award was later approved by the national comptroller. However, Sintrajap, the labor union for Atlantic port authority Japdeva, took legal action challenging the concession, alleging that the project would create a monopoly and that it lacks the proper environmental impact studies.
While an initial hearing was resolved in favor of APM Terminals in 2012, Sintrajap appealed to the supreme court.
Construction of the US$663mn first phase is expected to start by year-end.