Costa Rica’s Supreme Court has rejected a trade union appeal against the awarding of the 33 year concession contract of Moin Container Terminal to APM Terminals.
Construction of the terminal was supposed to start on Costa Rica’s East Coast in 2013 but environmental concerns and legal challenges have delayed the process.
The terminal will be able to handle vessels of up to 13,500 teu, five times larger than the biggest any terminal in the country can currently handle.
It will have a capacity of 1.3 m teu, with plans to increase this to 2.7m, a surface area of 80ha supported by a 1,500 m berth equipped with nine ship-to-shore gantry cranes and 39 yard cranes, as well as 2.2 km of breakwater.
The terminal will remain owned by the Costa Rican state but will be managed and operated by APM Terminals, who will invest US$1bn.
Construction work will be carried out by a consortium of Dutch-based engineering companies Van Oord and BAM International; the terminal should be open at the start of 2018.
Despite not being able to handle ships of more than 2,500 teu, the Port of Limon/Moin was the 110th biggest in the world in 2013, with a throughput of 1m teu.
The terminal will benefit from its proximity to the Panama Canal, which should be expanded and reopened by 2016.