Maritime - Cartagena, Bolívar, Colombia
Cartagena Container Terminal Operator (CCTO) is a new joint venture between APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.). CCTO will manage and operate Compas S.A.'s existing multipurpose facility in Cartagena, Colombia, which includes annual throughput capacities of 250,000 TEUs and 1.5 million tons of general cargo. CCTO and Compas S.A. will jointly invest over USD $200 million in upgrading and expanding the facility to triple the annual throughput capacity, and enable the terminal to handle vessels up to 13,000 TEU capacity which will be able to transit the Panama Canal after the lock-widening project is completed this year.
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