Mexico: Chinese companies invest in country's second largest port
Author: State-owned Assets Supervision and Administration Commission of the State Council, Published on: 18 July 2019
“China-constructed Port to Become Second Largest in Mexico”, 17th July 2019
…The port of Veracruz, the largest on Mexico's East Coast, has opened as construction of the open harbor area including the storage yard of the container wharf and housing project department has completed. Located at the southwestern part of the Gulf of Mexico, the project included dozens of sub-divisional works such as a more than 400,000 sq m storage yard, a heavy container zone, a refrigerated container zone and structural layers consisting of a PV zone, empty container areas and a housing project, as well as the water and electricity programs. The port is the highest-valued among infrastructure construction projects Chinese enterprises have contracted in Mexico in recent years. Generally contracted by China Harbour Engineering Company Ltd. (CHEC) and built by CCCC Third Harbor Engineering Co., Ltd., both subsidiaries of China Communications Construction Company Limited (CCCC), the project is expected to evolve into the second largest port in the country when it is completely constructed. It will improve the country's current situations of serious aging of infrastructure and uncompetitive technologies.