Manila: Philippines-based ICTSI has won the concession to build a second container terminal TEC II in Manzanillo, Mexico's largest container port. ICTSI will immediately invest $197m in the construction, which is expected to total $565m and add 2m teu to the Mexican west coast port.
ICTSI plans to add three piers of 360m each up to 1,080m of quay and a container yard of 72 hectares. ICTSI already operates in the Mexican ports of Vera Cruz and Ensenada. In Latin Americ ICTSI is present in Suape, Brazil and Guyaquil, Ecuador.
Seattle-based SSA Marine operates a dedicated container terminal in Manzanillo that handled 1.4m teu in 2008. This accounted for 46%of Mexico's total container movement and 67% of the Mexican west coast cargo. [03/12/09]
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