• BIST 1.880,06
  • Altın 771.62433
  • Dolar 13.6872
  • Euro 15.4407
  • İstanbul 14 °C
  • Ankara 0 °C

Mexico's President Takes Aim at Veracruz Port Concession

Mexico's President Takes Aim at Veracruz Port Concession
On Tuesday, Mexican President Andrés Manuel López Obrador said that his administration would try to revoke a "100-year" lease agreement for operations at the Port of Veracruz.

He did not identify the private operator in question, but Reuters indicates that he was referring to a lease held by Hutchison Ports.

"Obviously, we need to see about getting this concession revoked," said Lopez Obrador.

Hutchison Ports ICAVE, a subsidiary of leading terminal operator CK Hutchison Holdings, acquired a terminal lease at Veracruz in 2001. In April, it fully migrated its container operations to a new terminal in Veracruz's North Bay, which has seven Super-Post-Panamax cranes and two berths. The transition is the culmination of a years-long modernization effort and an investment of more than $450 million. The operator holds a 20-year lease at the site, according to local media.

The project is part of a massive modernization drive spearheaded by the Integral Port Administration of Veracruz (APIVER) and several terminal operators. The partners describe it as the "most important work of the last 50 years" for Mexico's port system.

Lopez Obrador (who is better known by his initials, AMLO) has frequently criticized public-private concession agreements signed by his predecessors in government. Petchem company Braskem-Idesa recently attracted Lopez Obrador's scrutiny over a 20-year gas supply contract with Pemex, which the president has described as abnormally favorable for Braskem.


Turkish maritime news

This news is a total 2385 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |