Mexico has launched a $3 billion expansion of the Port of Manzanillo in Colima, which will more than double its capacity by 2030. This project will increase the port’s area from 450 hectares to 1,800 hectares and its capacity from 3.5 million TEUs (twenty-foot equivalent units) to 10 million TEUs annually, making it the largest container port in Latin America and positioning it among the top 15 container ports worldwide.
The project, managed by Mexico's Naval Ministry (SEMAR), includes the construction of four container terminals, petroleum handling piers, and enhanced road and rail infrastructure. Funding will come from a mix of public and private investments, with firms like Ferromex, a subsidiary of Grupo México Transportes, expressing interest. “Without doubt, we believe that it is a feasible project,” said Manuel Fernandez, CEO of SSA Marine Mexico, the operator of Manzanillo's largest container terminal.
Manzanillo currently handles goods from o…