APM investing $2 billion in Lazaro Cardenas port

Fresh Plaza - Netherlands-based APM Terminals plans to invest $2 billion to expand the containers terminal of the Mexican Pacific port of Lazaro Cardenas, a project that will create 3,000 direct jobs, officials said.

Maersk to build $900 million Lazaro Cardenas terminal

Reuters - APM Terminals, the ports arm of Danish oil and shipping group A.P. Moller-Maersk, said it would develop a new specialized container terminal at the Port of Lazaro Cardenas with a total investment cost of over $900 million.

Megaport project at Colonet is still viable, says Fox - The reasons for building a megaport and rail system at Baja California's Punta Colonet remain valid, former Mexican President Vicente Fox said Thursday of what was to have been the biggest infrastructure project of his administration.

International Meal raises $100 million for expansion

Sentido Comun - International Meal Co., which owns the House & Bistro and The Gallery restaurant chains as well as Champs Elysées and Casa Avila, raised $100 million through the private sale of shares to institutional investors to finance its expansion plans.

Guyamas port might succeed where Colonet fails

El Semanario - Plans for a port at Guaymas, Sonora, for which four foreign fimrs already are pre-registered for a bid to build and operate the facility for 30 years, might succeed where those for a port at Punta Colonet appear to have stalled indefinitely.

Praxair plans $150 million in gas investments

Dow Jones - U.S. industrial gases producer Praxair Inc. will invest $150 million in central Mexican towns of Ciudad Sahagun and Tepeji del Rio, among others, this year at plants that produce hydrogen and other gases.

Economic recovery is not guaranteed, says Cordero

El Financiero - Mexico's economic recovery is not guaranteed, given its dependence on the United States, said Finance Minister Ernesto Cordero, who called for the adoption of additional economic structural reforms.

69 strikes have occurred during Calderon's term

El Economista - A total of 69 strikes have occurred in the first three years of the Calderon Administration, according to a report by the Federal Board of Conciliation and Arbitration . The figure is significantly lower than in the past two administrations.

Calderon's statement casting doubt on economy

El Semanario - President Felipe Calderon's statement that Mexico's economy might shrink between 7 to 8 percent in 2009 has increased uncertainty about the future of the national economy since the figure will define whether the economy is improving.

Colonet port might eventually expand - Even though Mexico has scaled back the Colonet port project to receive only 1 million TEUs of cargo shipments annually, that does not mean that the Baja California project will not eventually be expanded to process the 6 to 8 million TEUs originally envisioned, SCT Secretary Juan Francisco Horcasitas said.


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