Altamira Multipurpose Terminal I

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A single bid of $2.7 million was submitted for the container terminal at Altamira from Mexican company Rehabilitacion de Maquinaria S.A. (Remaconst). Mexgal Group has a 50% interest in Altamira Terminal Portuaria (ATP). ATP has invested US$ 19 million in a second container crane and additional toploaders, and in building a new warehouse and offices by 1998. Remaconst announced in June 8, 1998 that it will invest US$ 92 million in the construction of a new international cargo transfer terminal at Altamira and has ended its two year partnership with Grupo Mexgal and its concession to use the all-purpose terminal at Altamira. Scattered evidence seems to indicate that Remacost sold its stake (50%?) to Mexgal in 1998: "En 1991 se constituyó la empresa Grupo Mexgal que en 1995 se asoció con el grupo Remaconst, ganador de la terminal de contenedores número 1 del puerto de Altamira. Después de tres años se adquirió el restante 50% de la empresa denominada Altamira Terminal Portuaria." - http://transportesxxi.com/revista/55/5508txt.htm "Remaconst added that it has ended its two year partnership with Grupo Mexgal and its concession to use the all-purpose terminal at Altamira to concentrate on projects such as the new terminal and to bid for El Salvador ports slated for privatization." - Factiva, July 1, 1998 Titled: US$92 MILLION FOR NEW CARGO TERMINAL. From: Mexico Business Monthly None