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President Calderon announces opening of bids for Punta Colonet Mega Port Project

Punto Colonet Mega Container port in Baja California

Punto Colonet Mega Container port in Baja California

ENSENADA – Traveling to a remote coastal community 150 miles from the U.S. border yesterday, President Felipe Calderón formally announced the bidding for Mexico’s $5 billion rail-and-seaport project at Punta Colonet.

Billed as the most ambitious infrastructure project of Calderón’s administration, the port would open a new trans-Pacific route for Asian products headed to the American heartland. It would capture some of the trade that now heads to ports at Long Beach and Los Angeles, which both face congestion.

The Punta Colonet container ship project “is one of those that truly transforms and revolutionizes the productivity of the country,” Calderón said in a speech at the port of Ensenada after his visit to Punta Colonet, a rural area with about 3,500 residents.

Mexico’s federal Secretariat of Communications and Transportation is expected to publish the bid specifications next week. The winning bidder, to be announced in 2009, would receive a 45-year concession to operate the port and rail line to the U.S. border.

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