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2011/03/05/(Sat)

APM TERMINALS HAS BEEN AWARDED HISTORIC PORT WORKS IN COSTA RICA [Seaport]

The world class Moin Container Terminal (TCM) will assist Costa Rica to become
a competitive country for international trade.
- APM Terminals investment will help transform the economic and social
development of Limon.

"For APM Terminals it is an honor to receive this responsibility which the
Government of Costa Rica has awarded to us today for the 33 year concession for the
design, financing, construction,    operation and maintenance of the new Moin
Container Terminal (TCM)  ‐  a historical work of considerable importance to the
country. The next steps will include signing the concession agreement and
commencement of the detailed engineering studies”, said Paul Gallie, Director of
Business Development for the Americas of APM Terminals.

“APM Terminals has the expertise in the management of terminals around the world
with the  financial strength to make the investment required for this work estimated at
approximately USD 1 billion," added Gallie.

The TCM shall assist in the transformation of the economic and social development of
Costa Rica and of the Province of Limon in particular. It is projected to generate
approximately one thousand direct jobs during the construction phase and 450 jobs
during the first phase of operation, coupled with new investments and indirect jobs in
the area.

World class infrastructure
In the first phase and depending upon technical studies, the access channel and
turning‐basin will be dredged to 16 meters deep. A new 1.5 km breakwater will be
constructed, the container yard of with an area of 40 hectares will be created together
with 600 meters of quay with 2 berths. Additional works including the administration
building and a 12‐lane gate will also be included.
Equipment in the first phase will include 6 post‐Panamax ship‐to‐shore gantry cranes,
ECO‐RTGs and other specialized equipment. This first phase will be completed in 2016
and will cost an estimated USD 543 million.

The terminal will undergo phased expansión in accordance with provisions of the
concession agreement.
Upon the completion of the final phase,    the TCM will have an area of 80 hectares,
with 1500 m of quay, 5 berths, a 2.2 km breakwater and an access channel 18 m deep.The benefits of the TCM
The dredging will permit the entry of larger ships with greater container capacity,
creating economies of scale.

The construction of the breakwater will counteract weather conditions that prevent
normal functioning at the port of Moin and enable the TCM to operate 365 days a
year.

With more berth space, the creation of a modern container storage yard, the
installation of new gantry cranes and Eco‐RTGs will improve waiting times for vessels
and thereby reduce the cost of the logistics chain for shippers.  

APM Terminals operates under the most stringent occupational safety standards.
A committment to environmental protection which will enable sustainable
development.

Posted at 08:13

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