After jumping the final hurdle for its long-awaited US$1 billion project, APM Terminals (APMT) is set to start construction of the new Moin Container Terminal in Limon, Costa Rica.
According to the Journal of Commerce, APMT won a 33-year concession to design, construct, finance and operate the Moin Container Terminal in March 2011.
However, due to legal actions taken by the dockers’ union, construction had been delayed.
Dockworkers claimed that the concession will lead to an illegal monopoly at the container terminal, but despite the upheaval, Costa Rica’s constitutional court rejected the union’s claim in October, 2014.
The terminal operator has been granted a two-year permit by the Costa Rican Environmental Regulator Setena, with the condition that it complies with the Central American nation’s environmental standards and legislation.
The first phase of the project will include two berths with 600m of quay, a 40ha container yard, and six post-Panamax ship-to-shore gantry cranes.
The terminal will have an annual capacity of 1.3 million TEU and be able to accommodate ships of up to 13,000 TEU.
APMT gets Costa Rican Approval. (Source: APM Terminals)
