No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveHolland company to invest $948 million into Moín port expansion

Holland company to invest $948 million into Moín port expansion

Dutch company APM was awarded the concession this week to conduct the massive expansion project on the Moín port on the Caribbean coast. The expansion project, which will be completed by 2016, is estimated to require an investment of $948 million.

According the Transportation and Public Works Ministry (MOPT), beginning in 2013, APM will begin construction on a mega platform on the port with six docking slips that will allow for giant Post Panamax ships to come to port. Post Panamax ships can carry up to 12,000 containers of cargo.

APM will also construct 13 shipping cranes that will be used to transport cargo from ships to shore.

“The government is aware of the need for a new port, considering that 75 percent of Costa Rican imports and exports pass through the ports of Limón and Moín,” said Transportation Minister Francisco Jiménez. “The government goal of increasing exports to $17 billion by the year 2014 can’t be accomplished without an investment in infrastructure.”

The new port of Moín is expected to dramatically improve efficiency on the Caribbean and will be a significant upgrade to the current infrastructure offered at the Limón port.

In addition to the port project, the government intends to couple the Moín expansion with further development of national roads in the north Caribbean region and the construction of a new petroleum refinery. The refinery plans are being evaluated.

“The Moín project is key and a priority within the National Development Plan for infrastructure and Master Port Plan,” President Laura Chinchilla said Tuesday. “The project will be integrated with the north Caribbean roadway plan, the improvement of Route 32 from San José to Limón and the construction of the petroleum refinery. It will result in positive changes for the economy of the Atlantic region and all of the country.”

Trending Now

Costa Rica Authorities Train to Better Handle Rescued and Seized Wildlife

Humane World for Animals Costa Rica has partnered with Costa Rica's National Environmental Security Commission to deliver a series of training workshops for government...

Costa Rica Joins CENTAM Security Drills in El Salvador

Costa Rican security personnel are taking part in a new round of U.S.-led regional exercises in El Salvador, where more than 1,200 members of...

Nicaraguan Exiles Demand Justice on Eighth Anniversary of 2018 Protests

Nicaraguans living in exile in Costa Rica and the United States gathered this weekend to demand justice for victims of the 2018 protests and...

Costa Rica Could Face Sharp Rise in Chronic Disease Cases

Costa Rica is a country that tends to punch above its weight in health outcomes. With a life expectancy of more than 80 years...

Remembering the Devastating Costa Rican Earthquake That Reshaped Limon

On April 22, 1991, the province of Limón lived through one of the most terrifying days in its history: the Limón earthquake shook the...

Costa Rica Backs Panama in Escalating China Shipping Dispute

Panama announced yesterday it will sanction a Chinese consortium for alleged breaches on a canal-related infrastructure project as detentions of Panamanian-flagged vessels in Chinese...
Avatar

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel