Cargo Business Newswire

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Monday, January 16, 2012

New $250M container port in Mexico

Philippine-based port operator International Container Terminal Services Inc (ICTSI) said Monday it has begun construction on a $250 million container port at the Port of Manzanillo on Mexico’s Pacific coast.

ICTSI, which won a bid in 2009 to develop a second terminal at Manzanillo, said that Specialised Container Terminal 2 would be completed within two years. The first phase in the three-phase development plan deals with the construction of two berth positions with a total capacity of 450,000 twenty-foot equivalent units.

- Reuters

Read the full story: www.reuters.com