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Colombia – APM terminals in new joint venture

A joint venture between the global container ports operator APM Terminals and Compañia de Puertos Asociados SA (Compas SA) in Cartegena will see investment of over US$ 200 million in new equipment and an upgrading and expansion of the jointly managed and operated terminal.

Annual throughput capacity will be tripled to allow the terminal to handle the larger vessels expected to transit the widened Panama Canal. The terminal currently has a capacity of 250,000 teu and 1.5 million tons of general cargo.

APM’s first venture into the Colombian market joins five other terminals in its Latin American network. While Compas will continue as concession holder, APM will hold 51 per cent of the shares. The venture is still to be approved by the relevant authorities.