The Port of Tuxpan in Veracruz is expected to be granted permission from the Mexican government to build a second container terminal.
The new terminal is thought to require the investment of an estimated US$500m with the aim to improve the port’s productivity to allow Tuxpan to deal with increased container ship traffic.
The terminal is anticipated to have the capacity to process 900,000 teu per year.
The first container terminal at the port opened in 2014 and is still under construction, with work to be completed late this year.
The port handled 12.5m tonnes of cargo in 2014, 4.3% of all port traffic throughout Mexico during the year.
More than 80% of traffic through the port was shipments of petroleum and petroleum derivatives. To date, container traffic at Tuxpan has been negligible.
