Approximately $2 billion will be invested from both public and private sources for the development of the project.
The port will occupy a space of more than five thousand acres with a mid-term capacity of 8 metric tonnes (mt) per year.
Juan Molinar, Mexico's Secretary of Communications and Transport official told reporters that Punta Colonet will take advantage of the trans-Pacific trade, a free trade agreement between countries in the Asia-Pacific region.
The mega-port will see the developments of large infrastructure works, including the building of rail lines to handle containers.