Costa Rica Proposes Investments to Settle Concession Dispute

  • Business & Finance

Costa Rica Proposes Investments to Settle Concession Dispute

Costa Rica’s labor ministry presented a proposal to invest around USD 260 million in Port of Limón and further USD 97.6 million in strengthening the Atlantic port authority Japdeva, in an effort to resolve a current dispute between the government and Japdeva Workers’ Union Sintrajap over the decision to grant APM Terminals the concession to build and operate a new container terminal in Moín.

A technical short-term study will also be made to identify the real impact of the entry into operation of APM Terminals, and the goal of converting the existing port into a modern cruise terminal.

According to the proposal, Japdeva’s share would cover the purchase of two Post Panamax gantry cranes and a tugboat, as well as the expansion of the Kogan Kogan terminal at the port of Moín.

Sintrajap has requested 48 hours to respond to the proposal.

World Maritime News

Related news

List of related news articles