It is time once again to update you on information that may indeed see the Punta Colonet Mega-Port continue to hang on to life, In spite of economic conditions.
Mexico's transport and communications ministry (SCT) has published revised bidding rules for the Punta Colonet port project with concessions relating to construction of and providing rail transportation and supporting facilities as well as related services. This seems to be a logical step as any port of scale does indeed need the appropriate infrastructure in place to facilitate incoming cargo.
New bidding rules now include and allow for the participation of "potential bidders" who are not yet officially part of the process however can be used for consulting during the process and therefore contribute to the mega-port's development; Interested companies had until November 3 to register as such.
Recently the SCT announced rescaling the Punta Colonet project, initially budgeted at approximately $3.8 billion U.S., to better fit the current economic climate. Under new guidelines, the port is planned to have an initial capacity of 1mn TEUs down from the original 2mn TEUs.
Four key players have already expressed interest in the Punta Colonet mega-port and include conglomerates Hutchison Port Holdings (HPH) and Frances CMA-CGM respectively.
Though can argue that a corner has or is about to be turned towards economic recovery, one would be hard pressed yet to fully justify the viability of the Punta Colonet Mega-Port. However, there are some indicators that clearly give this argument a run for its money.
In the end, I do believe this port will be built and it will change the face of Baja California forever.
More new as events warrant!
Jaime
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