Americas Gateway Development Corporation (Amega) expects to begin the second phase of studies for a new transfer terminal near Costa Rica's Moin port in the next few weeks, company CEO Aubrey de Young told BNamericas.
The firm expects to invest some US$14.9mn in completing detailed designs which cover technical, legal, financial and environmental aspects of the project, as well as preparing the tender document drafts, the executive added.
"To start that, we are waiting for the government to appoint a counterpart who we can deal with on their side and for them to appoint an engineering firm to act as an auditor," de Young said.
Amega has set up a trust that will launch a private tender for the consultancy, in which the government will select the auditor. The expense will be included in the firm's project development costs.
"By law, we have one year to present the studies and the bid. Then the government has three months to review and issue the [concession] bid. I would imagine realistically speaking that this would be completed by 4Q12. We would look at construction commencing in 1Q13," de Young said.
The project has an estimated cost of US$900mn, which could be reduced through synergies in an integrated approach to developing Moin port, de Young added.
The transfer terminal will have capacity to handle 2mn TEUs/y with a 1km dock, a 19m-deep access channel to Moin port and docking space for three container ships carrying around 15,000 TEUs.
Amega is owned by Barbados-based consortium Amega Holdings, comprised of British, American and Canadian partners including UK-based infrastructure consultants Halcrow Group and Scott Wilson Group.