APM Terminals said it has received final endorsement from the Costa Rica's comptroller general office to build a new container terminal in Moin.
The company said with the approval it "will be able to start the 18-month implementation phase performing all the required studies and final design work which, once completed, will be submitted to the government for approval. The next stage will then be dredging the access channel and the turning basin and the start of reclaiming the island terminal site."
”APM Terminals is very pleased with the pace and dedication with which the Costa Rican government has focused on advancing this project. The administration has demonstrated this is a top priority and we intend to follow through on inaugurating the first phase of this project on schedule in 2016” said Paul J. Gallie, managing director for APM Terminals Moin, S.A.
The 33-year concession will require an estimated investment of $992 million from APM Terminals for the design, finance, construction, operation and maintenance of the terminal. — Chris Dupin