3 PORT PROJECTS IN MEXICO WITH AN INVESTMENT OF 944 MILLION
- Posted by México
- On Tuesday November 5th, 2019
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In order to connect mexican products to European and Asian markets, while firming up the bonds with the United States, Caxxor Group firm has planned an investment of 944 millions dollars on three port projects in Mexican coasts.
National Standard Finance operations, Caxxor Group, in partnership with ACXESA, will begin construction of Puerto Chiapas in October with an investment of 264 million dollars, followed by Puerto Veracruz with 230 million dollars in November and will end the year in Tamaulipas with Puerto Soto La Marina and its investment of 450 million dollars.
Latin America of National Standard Finance and Caxxor Group president, Carlos Ortiz, mentions that there is “a deficit of 55, 000 million dollars in investment in the port sector of Latin America,” so this project aims to increase the port capacity and the connection with Central America, Asia and Eastern Europe.
To open up the commercial exchange, Puerto Chiapas aims to facilitate the mobilization of items to the Asian market, with the possibility of reaching the United Arab Emirates, with special focus on Asian companies in petrochemical and gas industry.
The 400 meter long pier will have a 65 thousand square meter warehouse for dry and refrigerated products, a yard terminal for 100 thousand square meter containers and a bulk liquid terminal for 1.5 million barrels of fluids and equipment.
In Puerto Veracruz, it is sought to reach Eastern Europe through a connection with the Port Riga in Latvia, according to Ortiz, “Veracruz would allow the arrival of mexican products to nordic countries and Eastern Europe. In Europe, the sea routes regularly have Barcelona as their entrance, so mexican products usually remain there and could also be expanded to Russia. ”
Puerto Veracruz will consist of a yard of 100,000 square meters for 4,000 containers and 500 connectors for refrigerated containers, 50,000 square meters of warehouses for dry boxes and a storage terminal for 1.5 million barrels of D2 diesel and marine diesel.
In Tamaulipas, Puerto Soto La Marina will be oriented to the energy and mining industry, strengthening connections with the East Coast of the United States and Central America. According to Juan Carlos Contreras, a partner of Caxxor Group, the project has the clear goal of not letting investments pass, because unfortunately it has already happened due to lack of port infrastructure.
With an imposing extension, the Port will have storage terminals for 3.5 million barrels, 10 thousand containers in storage and 5 thousand in cargo movement, a surveillance center with investment of 50 million dollars for public and private authorities, 150 thousand square meters of warehouses and four areas of 100,000 tons per month for gas storage with infrastructure for mining management.In the short term, these three ports (Chiapas, Veracruz and Soto La Marina) are expected to be accompanied by three more infrastructures in Tamaulipas, Coatzacoalcos (Veracruz) and Sonora.