Maersk Unit, ICA To Build $900M Mexican Shipping Terminal

Law360, New York (August 1, 2012, 2:26 PM EDT) -- A unit of Dutch conglomerate A.P. Moller-Maersk Group and Empresas ICA SAB de CV, the largest construction firm in Mexico, will design, build and operate a $900 million container terminal on Mexico's Pacific coast, the pair said Wednesday.

The companies have targeted a 2015 completion date for the $300 million first phase of the three-part project. In the initial installment, ICA will handle construction efforts, including dredging a channel and building out spaces to accommodate vessels, as well as a 106-acre container yard, on-dock facilities, a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.