API/CMSA – Manzanillo Second Container Terminal – Colima - Project Profile
"API/CMSA – Manzanillo Second Container Terminal – Colima - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
The "API/CMSA – Manzanillo Second Container Terminal – Colima - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.
Mexican port authority API Manzanillo (API) and Contecon Manzanillo SA de C.V. (CMSA) a subsidiary of International Container Terminal Services Inc (ICTSI) is undertaking the second container terminal project in Manzanillo, Colima, Mexico.
The project involves the construction of a container terminal on a 77ha of land, berths, loading and unloading facilities, platforms, storage facilities, warehouses, parking spaces and a maritime surface of 5ha a specialized container terminal (TEC) with a combined handling capacity of 2 million twenty-foot equivalent units (TEUs) a year.
The project also has the expansion of port's access road, the construction of a new intersection, and dredging in the Valle de Las Garzas lake.
The project is being implemented in three phases. Phase I will have the capacity of 750,000 TEUs, phase II will have 650,000 TEUs and phase III will have the capacity of 800,000 TEUs.
Construction activities of the first phase were completed in the first quarter of 2014.
In December 2009, International Container Terminal Services Inc (ICTSI) through its subsidiary CMSA was awarded a concession contract to build and operate the project with a concession period of 34 years.
ICTSI secured the US$260 million loan from International Finance Corporation, Inter-American Development Bank, Standard Chartered Bank, and KfW Ipex-Bank. The financing package has a tenor of 12 years and a four-year availability.
Planning activities for the second phase are underway. The construction of the second phase is expected to begin in the fourth quarter of 2017 and it is estimated to complete by 2020. Construction work on the third phase will start by the completion of the second phase.
The project involves the construction of a container terminal (TEC) with the capacity of 2.2m TEUs per annum in the Port of Manzanillo, Colima, Mexico.
The US$800 million project includes the following:
1. Construction of container terminal on a 77-hectare land
2. Construction of berths
3. Construction of loading and unloading facilities
4. Construction of platforms
5. Construction of storage facilities
6. Construction of warehouses
7. Construction of parking spaces
8. Installation of safety systems
9. Expansion of port access roads
10. Construction of an intersection
11. Dredging work in the Valle de las Garzas lake
Reasons To Buy