APM Terminals Yucatán has announced a significant investment to expand and modernize the Progreso container terminal, supporting trade growth and economic development in the Yucatan peninsula.
The terminal has seen tremendous growth, having doubled its volumes from 80,000 to 140,000 TEUs throughput over the last two years, as the region’s economic activities expand. This year alone the terminal expects 20-35% further growth in volume.
“We are committed to the long-term sustainable development of the region and are delighted to announce that we have signed an addendum with the port authority to commence a 20% expansion of the yard to support the region’s growing trade needs, as well as other investments to improve productivity and efficiency. This represents a significant additional investment on top of the USD 22.6 million that has already been invested in the terminal since the concession began in 2005,” says Martijn Koolen, Managing Director of APM Terminals Yucatan.