The announcement was made by Mexico’s Ministry of Communication and Transportation (SCT), through the General Coordination of Seaports and Merchant Marine.
Total investment in the new facility is estimated at around Pesos10bn (US$800m), with construction of seaport infrastructure and equipment costing Pesos7.3bn (US$550m). The investment will create more than 6,000 direct and indirect jobs
The new terminal will be able to handle around 2m containers a year. It will have a land area of 72.4 hectares and a maritime area of 5.4 hectares, and will be located in the North Zone of Manzanillo port. It will have three berths 360 m long, making a total of 1,080 m for docking, and an alongside depth of 16 m.
The facility will help to consolidate Manzanillo as Mexico’s leading container-handling port. Currently it handles 46% of the country’s containerised cargo and 68% of volumes on the Mexican Pacific Coast. It serves 17 federal states which together account for 55% of the country’s population and 67% of GDP.
Internationally, Manzanillo is becoming one of the most efficient sea ports in Latin America, and the terminal will help it to gain ground on its competitors.