Mexican plans of winning diverted cargo from US west coast by developing the US$5 billion Punta Colonet terminal has now been postponed as US port congestion becomes a fond memory in the deepening global downturn.
The bidding deadline for 6 million-TEU terminal at Punta Colonet passed last month and the government said it would set a new bidding date in April, reported Newark’s Journal of Commerce.
There is also hope that if the southern California ports reach capacity by mid-decade, Punta Colonet and Guaymas could still gain market share because the cost of doing business in Mexico is lower, said Albert Fierstine, former marketing director at the Port of Los Angeles.