The bidding terms for the Punta Colonet port concession near Ensenada will be released at the end of August, according to a report in today’s El Financiero.  José Rubio Soto, coordinator of the project for the Ministry of Communications and Transportation (Secretaria de Comunicacion y Transporte - SCT) said that the competition will be open to both Mexican and foreign companies. 

Once constructed, the port is initially expected to receive approximately 2 million containers of goods per year, with the capacity to receive up to 9 million containers per year.  Some analysts have projected that the port will be the third-largest in the world, after Singapore and Hong Kong.

Companies expected to submit bids for the concession include APM Terminal/Maersk Lines, Dubai Ports World, Ferromex, Hutchison Port Holdings, MTC Holdings, Pacer Stacktrain México, and Union Pacific México.  The bidding companies will likely form consortiums, given the project’s magnitude.