APM Terminals signs Moin Container Terminal concession

Henrik Pedersen, vice-president, Business Development for the Americas for APM Terminals commented, “Since the beginning, our goal has been to work with Costa Rican leaders to develop a world-class container terminal that modernizes their port system to help Costa Rica achieve its economic ambitions. Our investment in Costa Rica reflects our Latin America strategy to partner with government and business leaders and apply our financial and operational strength to upgrade Latin America ports.

Minister of Public Works and Transportation, Francisco Jimenez declared, “Today is a very important day for all Costa Ricans as we have passed a major milestone for a key project in the Government’s National Development Plan. The new Moin Container Terminal is one of several national transportation infrastructure modernisation projects which are expected to produce major efficiency gains for the country’s international commerce. Costa Rica intends to increase our participation in the global market and we need the most modern tools to win”.

Scheduled to begin operation in 2015, phase one of the terminal will feature 600 m of dedicated container berth with six post-Panamax ship-to-shore cranes and 40 hectares of yard. Water depth in the channel and alongside will be 16 m (52 feet) and the terminal will be protected by a 1.5 km new breakwater to enable year round operations.