The state of Mexico's ports investments

Friday, December 26, 2014

Mexico's ports and shipping infrastructure has seen more than US$1.5bn in investments works since the start of President Enrique Peña Nieto's administration, according to a communications and transport ministry (SCT) release.

The private sector invested 55% of the funds, with the remainder coming from the public sector.

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Among the projects are the Veracruz port expansion works, including the construction of a breakwater awarded to a group made up of local firms Tradeco Infraestructura and Caltia Concesiones.

SCT expects the first stage of the port project to be wrapped up by 2017, generating capacity to transport an additional 66Mt.

Meanwhile, in Michoacán state's Lázaro Cárdenas port, works on a container terminal were completed this year, with port capacity expanded 500,000 TEUs to 1.5mn TEUs.

Works on a second container terminal in the country's main Pacific port are 48% complete, and the terminal is expected to handle an additional 1.5mn TEUs by 2018. Moreover, the port will be 19m deep next year once a harbor expansion is completed.

Manzanillo port in Colima state will also get a second multi-purpose terminal, which is currently 48% complete. The project seeks to give the port capacity of 2Mt of mineral bulk and 4650,000t of general cargo.

In Veracruz state's Tuxpan port, first phase works to build a new container and general cargo dock are 32% complete.

Other ports seeing expansion or upgrade works are Guaymas (Sonora state), Matamoros and Altamira (Tamaulipas), and Ciudad del Carmen y Seybaplaya (Campeche).

Next year's federal budget includes US$183mn for ports.

BNamericas will host the 2nd LatAm & Caribbean Ports & Logistics Summit on January 28-29 in Panama. Cick here for more information.