Cargo Business Newswire

Tuesday, March 10, 2015

APM Terminals to break ground on $1B Costa Rica terminal

Construction is about to start on Costa Rica’s $1 billion Moín container terminal, after years of delays. The project promises to create hundreds of jobs and revitalize the long-depressed region, allowing supersized post-Panamax vessels to call on the port.

The new terminal is set to quadruple the port of Moín’s current capacity, allowing for an estimated 2.5 million TEUs annually by 2030, according to the project’s master plan.

The first phase of the project involves building an artificial island west of the existing port of Moín, to be complete in three years. The new container terminal

will be 3-kilometers long and span out to cover roughly 100 hectares — the equivalent of nearly 50 football fields.

President Luis Guillermo Solís and representatives from the Netherlands-based APM Terminals, which owns the port concession, met Sunday in the town of Moín for a groundbreaking ceremony.

Foreign Minister Alexander Mora told The Tico Times the port would be the largest of its kind in Central America.

For more of The Tico Times story: www.ticotimes.net