In March, HPH admitted to being nervous about its investment at Lazaro Cardenas when it learned there was a second terminal tender in the works.
A tender to build a second container terminal at Mexico’s Lázaro Cárdenas port on the Pacific coast will likely be cancelled, BNamericas has learned.
The Mexican federal court ruled in January against the validity of the tender. Rather than suspending the bidding process, the transport and communications ministry (SCT) took the matter to the appeals court.
“The probability that the original judgment will be upheld on appeal is very high,” reads the legal analysis carried out by terminal operator Hutchinson Port Holdings (HPH).