MEXICO - Port capacity to double in six years

Mexico’s ports have laid out an ambitious plan to double their capacity within the next six years to capitalize on the economic benefits of shipping to the USA from Asia using Mexican ports.

The first port to expand will be 
Veracruz, which has plans for a US$1.8 billion project including land reclamation to double its existing size. The project will be financed largely from existing concessionaires and service providers.

APM Terminals is investing US$1.2 billion in new infrastructure at the west coast port of Lázaro Cárdenas, with a further US$300 million coming from the International Finance Corporation. The new terminal will cover 102 hectares and will have 1,485 meters of quay with 16.5 meters depth alongside. The first phase is expected to be completed in 2015.