Costa Rica: Trust to be Signed for Moin Terminal

A press release of the Presidency of the Republic of Costa Rica reads:

Vice President Liberman stressed the importance of getting "the green light to start the tender process, which will generate more employment in the country, mainly in the port area"

After the signing, a twelve month phase of delivery of the terms of sale and all the supporting studies for the project (technical, financial, environmental and social) will begin. With a new 19-meter draft depth and a 1,000 meter long dock, Moin will become the deepest port in the Caribbean with capacity to handle three container ships simultaneously, making it the largest currently in operation.

The Company Americas Gateway Development Corporation (AMEGA) will contribute to the construction of the 19 meter access channel, estimated at $250 million. This channel will help reduce the costs of construction of other port modernization projects and may be freely used by all users of the complex and at no cost to the government.

The event was attended by Minister of Public Works and Transport, Francisco Jimenez, Edwin Rodriguez of the National Tender Board, Alexander Henriquez, Lourdes Fernandez and Alfredo Volio from the National Bank, Ignacio Gallegos, Aubrey De Young - Ffhassa Mirchandani, Carlos Dengo, José Dengo, Claudio Donato from AMEGA Ltd.

Source: President of the Republic of Costa Rica

More on this topic

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March 2012

Americas Gateway Development Corporation, the company that won the tender for the design, will start work on detailing the technical, environmental, commercial and financial studies.

Aubrey Young, CEO of Americas Gateway Development Corporation (Amega), noted that they estimate about twelve months for this stage.

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Ignacio Gallegos, company representative, told BNAmericas that they will start the studies shortly, and will determine if the project is legally, technically, environmentally and financially feasible.

$ 15 Million for Port Terminal Studies

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Americas Gateway Development Corporation (Amega) will develop studies for a container terminal at Moin, Costa Rica.

Aubery de Young, CEO of the company, explained that the Government of Costa Rica completed the formalities required to initiate these studies, which include the selection of a government counterpart and an independent engineering firm who will serve as auditor.

Contract Signed for New Port in Moin

August 2011

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APM Terminal's investment will be $950 million, and they will have a period of 3 years to build a container port in Moin on the Caribbean coast of Costa Rica, north of the existing port facilities.