APM Terminals signs $900 million Mexican contract

APM Terminals and the port authorities of Lazaro Cardenas in Mexico have signed a 32-year contract involving the design, financing, construction, operation, and maintenance of a new specialized container terminal in the port. The total value of the project is $900 million.

Photo: Maersk Line

APM Terminals has signed a contract with the Mexican port Lazaro Cardenas involving the building of a specialized container terminal. Construction will begin in September 2012 and the project has a total value of $900 million, informs APM Terminals in a new press release.  

The company won the call for tenders for the port in December last year. In a month’s time, the company will start work on the construction of the container terminal. The first phase of the construction is expected to be completed in 2015 and has a value of $300 million.

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