APM’s Lazaro Cardenas Terminal Works in Full Swing
- Business & Finance
Mexico, a major emerging market and growing transportation hub in Latin America with the second-largest economy in Latin America, and third-largest container throughput in the region, is a key location in the strategic growth and infrastructure investment planning of the APM Terminals Global Terminal Network.
Container traffic at Mexican ports, dominated by Manzanillo and Lázaro Cárdenas on Mexico’s Pacific Coast, increased from 4.21 million TEUs in 2011 to 4.87 million TEUs in 2013, reflecting a growth rate of 15%, more than double the overall Latin American container volume growth of 6.7% during the same period.
Mexico’s imports, measured in constant US Dollars, have also more than doubled from 2000 through 2013, from $179.4 billion to $390.9 billion. Mexico’s largest container port of Manzanillo handled 2.1 million TEUs in 2013, followed by Lázaro Cárdenas, located 340 km (210 miles) farther down the coast in the Michoacán State, with 1.05 million TEUs.
The Government of Mexico has announced plans to double port capacity over the next six years to meet anticipated trade growth, particularly on the trans-Pacific trade lane.
In 2012, APM Terminals signed a 32-year concession for the design, construction and operation of a new deep-water terminal at the Port of Lázaro Cárdenas. The project will represent an overall investment of $900 million.
The first phase of the construction of Terminal 2 (TEC2) will include 750 meters of quay, five ship-to-shore (STS) cranes, 22 automatic stacking cranes and two railway cranes, and will be able to accommodate very large container vessels.
A key component of the project will be an intermodal transport corridor linking the Lazaro Cardenas marine terminal with APM Terminals own intermodal facility in Mexico City serving the commercial, industrial and population center of Mexico City and beyond.
Use of rail transportation will further reduce emissions associated with freight transportation, as well as safe and secure transportation of containers to inland destinations compared with truck haulage on highways.
The first 300 meters of quay are scheduled to be ready in Q1 2015, which will be followed by the installation of the container handling equipment. The completed terminal, which will add 1.2 million TEUs of annual throughput capacity, is projected to become operational in the first half 2016.
Press Release, October 9, 2014