APM Terminals has forged ahead with the new deep-water semi-automated Lázaro Cárdenas Terminal 2 (TEC2) project.
This development scheme, representing an overall investment of $900 million, is in line with the full expectation that the 1.2 million TEU annual throughput capacity added to Mexico’s port infrastructure will have an immediate impact on Mexico’s local and international trade growth.
“Mexico is not only the second-largest economy in Latin America, but also one of the world’s Top 15 manufacturing economies, including having become one of the world’s top five car makers, and we feel that investing in Mexico’s continuing economic and trade progress is a sound business strategy,” said APM Terminals CEO Kim Fejfer, who toured the TEC2 site on Mexico’s Pacific Coast earlier this week.
At full build-out, TEC2 will double the quayside to 1,485 meters, increase the number of STS cranes from seven to fifteen, and more than double annual throughput capacity to 4.1 million TEUs.
TEC2 will be linked by intermodal rail to the US rail network and to Mexico’s most important consumer market, in the Mexico City area, generating 26% of Mexico’s economic output, with a population of 20 million, including a substantial and rising middle class of consumers.