APM Terminals has signed a $460 million contract with a Dutch consortium to build the first phase of a deep water container terminal in Costa Rica.
Van Oord and Bam International will begin work on the 1.3 million-TEU capacity Moin Container Terminal at the Puerto Limon/Moin complex in the first quarter of 2014.
APM Terminals said the Dutch companies delivered the new 8.5 million-TEU Maasvlakte 2 container complex in Rotterdam, the Netherlands, where it will operate one of its two terminals, on time and on budget.
“We feel they can deliver the same success at our Moin Container Terminal – Costa Rica’s largest infrastructure project,” said Tiemen Meester, vice president of business implementation for APM Terminals, in a written statement.
Puerto Limón handled more than 1 million TEUs in 2012, an increase of 16 percent on 2011. The APM terminal will be able to handle ships of up to 12,000 TEUs that can transit the Panama Canal when the expansion of the waterway is completed in 2015. At present, Puerto Limón can only handle vessels with a maximum capacity of 2,500 TEUs. APM Terminals is investing a total of $1 billion in its Costa Rican terminal, which will have a final capacity of 2.7 million TEUs.
A.P. Moller-Maersk’s port unit won a 33-year concession to build and operate the terminal in 2011.