Contecon Manzanillo (CMSA), International Container Terminal Services, Inc.’s (ICTSI) subsidiary in Mexico, has commenced its third phase expansion project, which will increase its capacity from 1.4 million to more than two million TEUs within the next five years.
CMSA Chief Executive Officer José Antonio Contreras led the project inauguration together with Colima Governor Indira Vizcaíno Silva, Commander Rubén Alfonso Suárez of the 10th Naval Region, Admiral José Rafael Ojeda of the Marine Ministry and ASIPONA Manzanillo General Director Salvador Gómez Meillón.
The third expansion phase will enable the Port of Manzanillo – a key port in the Pacific Coast of Mexico – to expand its operational capacity and cater to the country’s current and future foreign trade requirements.
The ambitious investment plan for 2022 to 2025 would cost more than USD230 million, which will mainly be utilized to upgrade shipping and terminal infrastructure, etc.
The capacity increase to two million TEUs will position Contecon as the largest terminal in Mexico’s Pacific coast.
Commenting the project, Governor 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.”
“The Government of Colima is ready and willing to help the development and economic activity of businesses that yearn, like us, for the well-being of the population.”
CMSA’s expansion will create more than 600 new direct jobs, in addition to the existing 1,200, along with 11,600 indirect jobs.