The Mexican Naval Ministry (SEMAR) will oversee the 64-billion-peso (US $3.15 billion) expansion of the Port of Manzanillo in the central Pacific Coast state of Colima between 2024 and 2030, according to local news.
Mexican authorities reportedly said that they aim to develop the port sustainably and have conducted an environmental impact study that identified mitigation measures to reduce the project’s impact on the area. Furthermore, greater digitalization will enhance efficiency and improve safety, while artificial intelligence will be used to support operations and monitor personnel.
Local news report that the Nuevo Manzanillo project will transform Mexico’s largest port into a major international logistics hub as installations are extended by 303% to cover 4,487 acres.
Furthermore, the port’s TEU capacity is expected to increase from 3.7 million in 2023 to 10 million in 2030, positioning it in first place in Latin America and displacing Panama’s seaport in Colón and Brazil’s Santos Port from the top spots.
We are currently in position 53 in the world ranking of ports. We would be talking about the port of Manzanillo being positioned in 15th place in the international ranking.
…said Julieta Juárez Ochoa, Marketing Manager of Mexico’s National Port System Administration (ASIPONA), Manzanillo.
In addition to expanding the port’s operational capacity, the project will improve efficiency and competitiveness in the region, officials said per the reports. It is expected to create 11,132 direct and 28,626 indirect jobs and boost the local economy, according to government sources.
President Claudia Sheinbaum will tour the site on 23 November to launch construction, with the project expected to be completed in 2030.
