Contecon Manzanillo (CMSA) has commenced its third phase expansion project.
This is set to increase its capacity from 1.4 million to more than 2 million TEU within the next five years.
This capacity increase will position Contecon as the largest terminal in Mexico’s Pacific coast, according to the company’s recent statement.
Contecon Manzanillo’s parent company, International Container Terminal Services, Inc. (ICTSI), invested $230 million to expand the terminal’s facilities to serve the growing maritime traffic at the port.
This will mainly be utilised to upgrade shipping and terminal infrastructure, storage yards, and equipment.
A key port in the Pacific Coast of Mexico, this third phase will enable the Port of Manzanillo to not only expand its operational capacity, but also to cater to the country’s current and future foreign trade requirements.
CMSA Chief Executive Officer, José Antonio Contreras, said: “This port is designed to meet present and future needs, as well as handle 400-metre ships.”
Colima Governor Indira Vizcaíno Silva said: “This expansion will serve the growing demand that persists in the Port of Manzanillo, which will undoubtedly reflect better employment opportunities and living conditions not only for the people of Manzanillo, but also for the people of Colima.”
CMSA’s expansion will create more than 600 new direct jobs, in addition to the existing 1,200 jobs and the 11,600 indirect jobs.
Around $122 million has been invested in port equipment since the project’s inception, contributing more than $238 million in port considerations to Mexico’s port infrastructure while generating employment for more than 1,200 people.