Mexico is considering to upgrade the Port of Manzanillo with four new terminals. The Mexican government expects to collect about USD 1.2 billion from public and private entities, in order to fund the expansion project.
The new terminals will feature a specialized container facility, which will have the capacity to handle 1.75 million TEUs per year, one for agricultural bulk, another for mineral bulk and a specialized facility for hydrocarbons.
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What is more, relevant authorities have carried out dredging of the navigation channel, as well as other environmental works in the northern area of the port.
Regarding the Port of Manzanillo, during the first five months of 2019, it handled 13.5 million tons of cargo, as well as 1.24 million TEUs. This marks an increase of 1.2 and 4.8% in comparison to the same period in 2018.
