MXN 3 Billion Long-Term Investment Over 19 Years to Transform Yucatán’s Logistical Hub
APM Terminals Mexico has announced a comprehensive modernization plan for its Puerto Progreso Container Terminal, involving staged long-term investments of approximately MXN 3 billion over the next 19 years. The extensive project aims to deliver more efficient operations, higher safety standards, full logistical visibility, and reliable service, thereby contributing significantly to the economy and development of Yucatán and southeastern Mexico.
The modernization plan encompasses infrastructure upgrades, equipment renewal, the implementation of advanced technology, and a focus on Lean principles to continuously improve operations.
Strengthening Regional Connectivity
Through this initiative, APM Terminals Mexico seeks to advance Puerto Progreso into a new stage of logistical development, raising operational standards and strengthening maritime and logistical connectivity in the region. The project is also expected to generate employment and development, boosting the state’s economy and supporting the local community under a vision of shared prosperity.
Keith Svendsen, CEO of APM Terminals, stated that the long-term project at APM Terminals Yucatán is a pivotal step in modernizing infrastructure, boosting capacity, and strengthening Mexico’s position in global trade. He highlighted that the investment introduces new equipment, smarter terminal design, and advances the company’s decarbonization strategy.
Beatriz Yera, Managing Director of APM Terminals Mexico, added: “We will invest to boost the state’s economic and commercial development while continuing to share our expertise and create synergies with authorities, local businesses and port service providers. Our goal is to establish Puerto Progreso as a benchmark in port innovation and technology: a more efficient and sustainable port, benefiting Mexico and all Mexicans.”
A Memorandum of Understanding was also signed with the state government to contribute to Yucatán’s logistical development and allow APM Terminals to share its global experience and best practices in operating advanced container terminals.
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