Colon Container Terminal expands
The company paid the Panama Maritime Authority $11.3 million in advance for the right to use 12.3 hectares at Coco Solo.
Tuesday, February 3, 2009
Wilfredo Jordan reports in a note published on Prensa.com that "On the new plot of land, the company will carry out investments worth $200 million."
The Taiwanese Container Terminal in Colon has asked the Panamanian government to expand the concession for its container yard.
Companies interested in developing and operating the new Panamanian port will face stiff competition from Panama Ports Company, which has already prepared a plan and requested to receive the concession directly.
Now May 28th is the "confirmed" date for the submission of bids in the tender for the Central American Port of La Union.
The Presidential candidate Luis Guillermo Solis has promised to respect the contract with the Dutch company APM for the construction of a new container dock at Moin.
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