APM Terminals held a formal contract signing at the company’s global headquarters today withthe Van Oord-BAM consortium for the construction of the new Moin Container Terminal (called locally “Terminal de Contenedores de Moín” -TCM) now in development on the Caribbean coast of Costa Rica. The consortium, comprised of Dutch-based Van Oord and BAM International, has been awarded the contract for the construction of the first phase of the TCM, which is expected to begin in the 1st Quarter of 2014.
Tiemen Meester, Vice President of Business Implementation for APM Terminals stated, “We chose world-leaders in dredging and construction based on their track record of eco-compliance, the best dredging equipment in the business and engineering/construction expertise. Land reclamation is a success story in The Netherlands and Van Oord and BAM delivered the new Rotterdam Maasvlakte II port facility, on time and on budget, on reclaimed land in the North Sea. We feel confident they can deliver the same success at our Moin Container Terminal – Costa Rica’s largest infrastructure project.”
The new terminal will be built at the Puerto Limón/Moín complex, which handles 80 percent of Costa Rica’s maritime commerce, and represents a total investment of more than $1 billion by APM Terminals. The scope of work for Van Oord - BAM consists of the construction of 1.5-km of reinforced shoreline and breakwater protection; reclamation of an area of 40 hectares, including soil improvement works; and the dredging of the access channel and turning basin. Van Oord will deploy a trailing suction hopper dredger, a cutter suction dredger and rock installation equipment. BAM International will construct the 650-meter quay, soil improvement, pavement and associated buildings and all utilities.
Paul Gallie, Managing Director of APM Terminals’ Moin Container Terminal, added, “We are excited about our new dredging and construction partners and the important role they will play to make Moin Container Terminal an environmental leader and model to other terminals. This new terminal will create 400 new direct jobs, can attract around 5000 indirect jobs, inject USD 4 billion into the national economy and protect Costa Rica’s fantastic biodiversity. Equally important, it will reshape world refrigerated markets by making cold supply chains more efficient, less costly, and with fresher produce on supermarket shelves for the consumer. The terminal will clearly become a magnet and shining star for future investment in Costa Rica.”
Costa Rica is a major exporter of pineapples, bananas and coffee, with Puerto Limón/Moín handling more than 1 million TEUs in 2012. At present, the port is limited to vessels of 2,500 TEU capacity. TCM is scheduled to open 36 months after construction begins, with six new-Panamax cranes and an initial annual throughput capacity of 1.3 million TEUs, expandable to 2.7 million TEUs at full build-out. With an eventual depth of 18 meters, TCM will be able to accommodate the 12,000 TEU vessels that will be transiting the widened Panama Canal upon the completion of the lock expansion project in 2015.
Extensive investigations and the terminal design were performed by CH2M HILL, a leading international port and maritime planning and design consultancy.
The Costa Rica government awarded APM Terminals a 33-year concession for the design, financing, construction, operation and maintenance of TCM in March 2011. The project’s Environmental and Social Impact Assessment report has been submitted to the government, and is awaiting approval from SETENA, the Costa Rican environmental authority which is expected in Q1 2014.