Mexico announces major port investment

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Steven Maxwell

BY STEVEN MAXWELL

Mexico announces major port investment

The Mexican government is set to invest US$4m in the northern Port of Punta Colonet to transform the site into the largest port in the country

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Mexico is set to embark on one of its most ambitious infrastructure projects of recent years with the announcement of a major investment in the Port of Punta Colonet close to the US border.

The country’s president, Felipe Calderón, announced the US$4m investment this week in the port, which is located near Ensenada, Baja California some 240km south of the Mexico-US border.

Project director José Rubio said the expanded facility, which is due to begin operations in 2012, would have the capacity to handle 2m TEUs (twenty-foot container equivalents) each year once completed, while a rail line will link the site with California and the southern US.

“We hope to work with the largest port operators in the world and the biggest railway companies in North America,” Mexican transport secretary Luis Telléz told CNNExpansion. “The project will have the capacity for multimodal terminals and will be the biggest port in Mexico,” he added.

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