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Costa Rica Gives “Go Ahead” for $900 Million Container Terminal

Article Summary:

The Costa Rican Comptroller endorsed the contract for the “Award of public works with utilities for the finance, design, construction, operation and maintenance of the New Container Terminal Moin.”

Photo Credit: Revista Summa

Original Article Text From Revista Summa via Google Translate :

Green Light for New Container Port in Costa Rica

The Division of Administrative Contracting CGR endorsed the contract between the Executive and the Executive President of the Board of Port Administration and Economic Development of the Atlantic (JAPDEVA) and APM TERMINALS MOIN companies public limited company and APM TERMINALS CENTRAL AMERICA BV in the tender promoted by the National Awards for “public works concession utilities to finance, design, construction, operation and maintenance of the New Container Terminal Moin.”

The contract is estimated at the sum of U.S. $ 956,453,273.00, an amount that covers design, construction and equipment phases 2A, 2B (2B1 and 2B2) and Phase 3, which corresponds to the investment of the project, according to the following distribution:

There is a transition period of 18 months from the notification of the endorsement.

During this period, the conditions must be met prior to issuing the order to begin the term of the grant, including: 1) approval of designs and construction plans, 2) construction of new road connecting the concession area with National Road No. 32, 3) Certification of the main conditions of funding and accreditation of equity contribution of the dealer, and 4) Obtaining from the dealer and at your own risk, the final environmental viability and subscription required environmental warranty by SETENA.

The order of start of construction of the first two berths whose construction period is 36 months. To start operations with the first berth will be completed, be sure your operation, provide all services under concession, and has the final acceptance of the work by the Administration.

With the boot order of the holding of the first two berths, the access road to the concession area shall be completed to four lanes, properly paved and marked. During the term of the concession, the Concessionaire shall:
1. Build the third berth (Phase 2B.1) is reached when charging an annual volume of 1.5 million TEUs (20-foot container, to wit twenty equivalent unit, by initials in English).

1. Expand the container yard at approximately 8 hectares, using the dredged material made in the construction of three berths.

2. Build the fourth and fifth berth (phase 3) when they reach an annual volume of 2.5 million TEUs

3.If not achieved the volumes specified, the Licensee is required to build them so that they are completed and in operation at least 6 months before the termination of the concession.

Link to Original Article:

From Revista Summa

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