Mexico to spend $1.6bn on port expansions
Mexico’s new president Claudia Sheinbaum said her government will spend $1.6bn expanding six seaports to promote industrial growth.
On the Pacific Coast, the ports of Manzanillo, Ensenada, Lázaro Cárdenas, and Acapulco de Juárez will get a makeover.
Veracruz and Progreso on the Atlantic side will be upgraded.
Manzanillo, Mexico’s largest, will get the biggest overhaul.
Between now and 2029, $671m will be spent building two fuel terminals, four container terminals and a dedicated dock for large fishing vessels.
A customs precinct with the capacity to attend to 10 million shipping containers a year will also be added.
At Progreso, a $357m project will develop an 80ha area with a new shipyard and a range of terminals, including ones for LNG and petroleum.
A $393m project at Lázaro Cárdenas will double annual container handling capacity from 4 million to 8.2 million.
