Yesterday, the President of the Republic of Costa Rica, Laura Chinchilla Miranda, the Ministers of Public Works and Transport and Industry of the Central American nation, Francisco J. Jiménez and Fernando Herrero, and President of the Junta de Administración Portuaria y Desarrollo Económica de la Vertiente Atlántica (Japdeva), Allan Hildago, signed the concession agreement for the duration of 33 years who is assigned to Dutch APM Terminals, a company of the Danish shipping group AP Møller-Mærsk, the task of planning, finance, build and operate the new container terminal Moin Container Terminal (TCM) of Limón ( of 2 March 2011).
Within 18 months APM Terminals will present the final design work and a financial plan that demonstrates the ability to sustain the investment required to build and operate the terminal, which will amount to 992 million dollars.
Meanwhile, APM Terminals Xiamen Co., a subsidiary of APM Terminals, is about to sell to the Xiamen International Port Co., a subsidiary of Xiamen Port Holding Group, a 25% share of the company's terminal operator Xiamen Songyu Container Terminal Co. (XSCT), of which currently owns 50% of the share capital. For this assignment on 25 July was signed a specific agreement that is valid for six months.
Xiamen International Port Co. currently owns the remaining 50% stake in XSCT, the company that operates a container terminal at the port of Xiamen was opened in 2007 ( of 6 September 2007).
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