South Zone – Issue 54

++mexico++ US$300 million to be invested in Tuxpan

Mexico City.- Stevedoring Services of America (SSAM), a company specialized in port terminals, was granted a 20-year concession to develop and exploit a containers and general cargo dock in Tuxpan Port, Veracruz, with a US$300 million investment, after bidding the best economic offer before the Ministry of Communications and Transportation, SSAM informed in a press release issued by its public relations agency. 
This project will generate 4,500 jobs and Tuxpan Integral Port Administration will deliver to SSAM a ratification title as winner of API/TUX/INST/1009 concession. 
SSAM will execute the Partial Rights Assignment Agreement next July 22; to later invest more than US$300 million in the first stage only, to make of this Port the nearest to Mexico City for maritime traffic, an average of a 3-hour drive.