Global terminal operator APM Terminals said it’s moving forward with development of its new semi-automated Lázaro Cárdenas Terminal 2 (TEC2) project on the West Coast of Mexico, representing an overall investment of $900 million.
Global terminal operator APM Terminals said it’s moving forward with development of its new semi-automated Lázaro Cárdenas Terminal 2 (TEC2) project on Mexico’s west coast, representing an overall investment of $900 million.
Once complete, TEC2 will have an annual throughput capacity of 1.2 million TEUs.
Overall throughput at the Port of Lázaro Cárdenas increased 6 percent in 2015 to 1.05 million TEUs, following Manzanillo on Mexico’s east coast with 2.4 million TEUs handled in 2015, according to APM Terminals.
APM Terminals said the fully built TEC2 will double the quayside to 1,485 meters, increase the number of STS cranes from seven to 15, and more than double annual throughput capacity to 4.1 million TEUs. TEC2 will be linked by intermodal rail to the U.S. rail network and to the Mexico City area.
APM Terminals is confident with its recent terminal investments in Mexico due to the country’s projected trade growth. “We feel that investing in Mexico’s continuing economic and trade progress is a sound business strategy,” said Kim Fejfer, the company’s chief executive officer, in a statement.
APMT prepares for Lázaro Cárdenas expansion
