Home » Breaking News, Ports/Terminals » ICTSI to spend $250M on Mexican terminal

Construction of the Specialized Container Terminal 2 Mexico’s Port of Manzanillo will take 18 to 24 months. Photo from http://www.ictsi.com/gallery.aspx?p_id=41&id=1075&paging=1

PHILIPPINE-BASED port operator International Container Terminal Services, Inc. (ICTSI) has allotted $250 million to construct Terminal 2 at Mexico’s Port of Manzanillo.

ICTSI said the construction of the Specialized Container Terminal 2 will take 18 to 24 months, including acquisition of cargo-handling equipment.

ICTSI’s Mexican subsidiary Contecon Manzanillo S.A. in January 2010 signed a contract with the Mexican government to construct the terminal.

“The development of the port will be done in three phases with phase one designed to have an estimated capacity of 450,000 twenty-foot equivalent units with two berth positions,” ICTSI said in a statement to the Philippine Stock Exchange.

“Of the $250-million investment, 75% is allocated for the civil works and dredging, 22% for equipment and 3% for IT and others.”

The Specialized Container Terminal II will handle 2 million containers annually, turning Manzanillo into Mexico’s main container port. The terminal covers 72.4 hectares on shore and 5.4 hectares of maritime zone within the Port of Manzanillo’s boundaries.

Manzanillo currently handles 46% of the container volume in Mexico and 68% of the container volume in the Pacific region.

Earlier, ICTSI tapped Finnish equipment maker Cargotec to supply the Mexican port with four super post-Panamax Kalmar quay cranes and 10 Kalmar rubber-tired gantries during the first half of 2013.

The quay cranes will have an outreach of 63 meters, a 30.5-meter rail span, and a maximum lift capacity of 65 tons using twin-lift spreaders. The RTGs will be 6+1 wide and 1-over-6 high with a lift capacity of 41 tons.

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