Mexico launches tender for $498m terminal

Mexican port authority API Lazaro Cardenas has launched a tender to build and operate a second container terminal at Lazaro Cardenas port on the Pacific coast, according to Business News America.


Interested firms have until March 14 to purchase tender documents and a site visit is scheduled for March 28-31, according to a tender notice published in the official gazette.


Bids are due on August 25 and API plans to award the tender on October 18, signing a contract for the concession on November 17.


The project involves developing an 850,000 sq m area, which could be expanded by an additional 170,000 sq m and construction of a specialised container terminal (TEC II). The winning firm will provide port services under a 30-concession contract.


The terminal is expected to require an estimated US$498 million investment, and will have capacity to handle twomillion TEUs annually.


The container terminal tender is the second largest project to get underway this year at Lazaro Cardenas. Hong-Kong based.


Hutchison Port Holdings (HPH) said earlier this month it would begin the second phase of its $400 million container terminal expansion, which involves building a new 330m dock.
(Source:http://www.cargonewsasia.com)