ICTSI’s Mexico business unit to invest US$230 million in terminal expansion

Contecon Manzanillo, International Container Terminal Services’s (ICTSI) business unit operating the Second Specializsd Container Terminal at the Port of Manzanillo in Colima, Mexico, is investing US$230 million to expand the terminal’s facilities and further improve its infrastructure to be able to serve the growing maritime traffic at the port.

The project will expand the terminal’s annual capacity by 300,000 TEUs to 1.7 million TEUs.

The additional capital will be used for the construction of berths and yards and for the acquisition of quay cranes, rubber tired gantries, port tractors, and other equipment. All these will complement the public project for the expansion and the adaptation of land access to the terminal, which the Mexican Federal Government announced for Manzanillo in November.

The expansion works will commence during the second half of 2022.