"At APM Terminals we partner with governments to become the best port operator in the world and Moin is a great example. Without any doubt, we are inaugurating a new era in international and intra-regional trade in Central America,” said Morten Engelstoft, ceo of APM Terminals.
“With this project …the conditions of competitiveness and economic reactivation are being created for the province of Limón and also for the entire country,” said Carlos Alvarado Quesada, President of the Republic of Costa Rica who was present at the inauguration.
Total investment in Moin, built on a 40-hectare artificial island on Costa Rica’s Caribbean coast, is $1bn. The terminal, operated under a 30-year concession by AMPT, has a 650-metre long pier, a container yard with the capacity to hold 26,000 TEUs and power connection capacity for 3,800 refrigerated containers and will be able to handle up to 8,000-teu post-panamax vessels.
“We are proud that the country has trusted APM Terminals with the mission of developing and operating this amazing port. A concession that also brings socioeconomic opportunities to the community, the country and the region,” said Kenneth Waugh, md of APM Terminals Moin.
Moin is looking to attract a high percentage of the ships transiting the Panama Canal. The number of shipping routes that reach the Moín Container Terminal is projected to increase by as much as 285%.
Hear from Panama Canal Administrator Jorge Quijano at the Sea Asia 2019 Conference in Singapore
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