Costa Rica grants environmental approval for APM Terminals project
Costa Rica's National Technical Secretariat for the Environment (SETENA) has given the green light for APM Terminals' container terminal in the port of Moín.
The concession contract was granted in 2011 for the construction of a US$1 billion mega-port, involving the creation of an artificial island in Moín for container management.
Website Panamaon.com reported the concession would last 33 years, while the project's construction was divided into three phases that would be completed in 2017.
The story reported Costa Rica's existing port infrastructure was not sufficient to attract larger Panamax ships, which not only can transport greater volumes but can also bring cost savings and competitiveness.
Panamaon.com reported the existing Moín dock could only attract ships with up to 2,500-container capacity.
As part of the environmental approval, the authority requested the Dutch group name a multi-disciplinary environmental team for the project, provide a deposit sum, present a log book, and within three days of Dec. 17 deliver an affadavit of environmental commitment.