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$1 Billion Port Works Begins

China Landbridge Group has started construction of the Panama-Colon container port in Isla Margarita, Panama, which will be capable of servicing Neo Panamax vessels.

Thursday, June 8, 2017

From a statement issued by the Presidency of Panama:

The investment of 1 billion balboas in the construction of a new container port in the country with capacity to attend Neo Panamax vessels reaffirms the confidence of foreign companies in the economic stability of Panama.

This was stated by President Juan Carlos Varela during the laying of the first stone for the Panama-Colón Container Port, which will be located on Isla Margarita and will generate 800 direct jobs during its construction and 1,200 during the operation phase.