PROJECT

Projects

Summary of Early Disclosure

Project Number

33776

Company Name

Contecon Manzanillo, S.A. de C.V.

Early Disclosure Date

Nov 14, 2013

Country

Mexico

Region

Latin America and the Caribbean

Last Updated Date

Jun 12, 2021

Sector

Ports and Harbors Operation

Industry

Infrastructure

Department

Regional Industry INF LAC & EUR

Provisional Environmental and Social Category

A - Significant

Project Description

The proposed project involves the development, financing and operation of a 650,000 TEU capacity container terminal within the port of Manzanillo, Colima on the central west coast of Mexico (“the Project”). Contecon Manzanillo S.A. de C.V. (“CMSA”), a wholly owned subsidiary of International Container Terminal Services, Inc. (“ICTSI”), will develop and operate the Project.

The Project is expected to cost about US$378 million and will be funded with approximately US$113 million of equity and approximately US$265 million of debt. IFC has been invited to provide an A loan of up to US$75 million and has also been asked to help mobilize B loans commercial banks. Also, Inter-American Development Bank (“IDB”) is considering an investment of US$75 million. The new financing will refinance short term shareholder loans used for constructing the project which is nearly completed and has been commenced operations from August 2013..

Environmental Assessment Attachments

File Name Actions
CMSA_APIMAN+Manifestacion+de+Impacto+Ambiental.pdf