APM Terminals March 1 announced a $1 billion investment in a container port in Costa Rica. The company, a unit of Denmark's A.P. Moller-Maersk, won a 33-year concession to design, finance, construct and operate the Moin Container Terminal in the Central American nation.
The first phase, which will be completed in 2016 at an estimated cost of $543 million, will include six post-Panamax ship-to-shore gantry cranes and other specialized equipment.
APM will dredge a turning basin and an access channel to a depth of 52.5 feet and build a new mile-long breakwater.
The container yard will cover an area of 99 acres together with 1,968 feet of quay with two berths.
"APM Terminals has the expertise in the management of terminals around the world with the financial strength to make the investment required for this work estimated at approximately $1 billion," said Paul Gallie, APM director of business development for the Americas.
APM didn't give any details of the terminal's capacity in the first phase but said it will undergo phased expansion in accordance with provisions of the concession agreement.
Upon completion of the final phase the terminal will have an area of 198 acres with 4,921 feet of quay, five berths, a 1.4 mile breakwater and a 59-foot deep access channel.
The first phase, which will be completed in 2016 at an estimated cost of $543 million, will include six post-Panamax ship-to-shore gantry cranes and other specialized equipment.
APM will dredge a turning basin and an access channel to a depth of 52.5 feet and build a new mile-long breakwater.
The container yard will cover an area of 99 acres together with 1,968 feet of quay with two berths.
"APM Terminals has the expertise in the management of terminals around the world with the financial strength to make the investment required for this work estimated at approximately $1 billion," said Paul Gallie, APM director of business development for the Americas.
APM didn't give any details of the terminal's capacity in the first phase but said it will undergo phased expansion in accordance with provisions of the concession agreement.
Upon completion of the final phase the terminal will have an area of 198 acres with 4,921 feet of quay, five berths, a 1.4 mile breakwater and a 59-foot deep access channel.