Growth demands Central American port expansions
Work to expand and upgrade ports in Central America is coming in fits and starts as port authorities and national governments grapple with governance and social issues.
Tuesday, December 2, 2008
“All of the Central American ports have some expansion in mind, some more than others,” said Mike Hopkins, vice president of operations in the U.S. for Crowley Maritime Corp., a shipping line active in the U.S. trades with Central America and the Caribbean.
PSA Panama plans to invest $450 million in the expansion, starting in 2017 with the construction of 800 meters of additional quays and the installation of eight gantry cranes and 12 RTG cranes.
In 2013 the construction of bulk carriers and cruise ship docks will begin along with the expansion of the beaches for containers.
The IDB loan will finance the dredging of the harbor and port locations as well as the construction of a new container terminal.
The first phase of the remodeling of the Santo Tomas de Castilla Port will be done with a loan from the BCIE (the Central American Bank for Economic Integration) to build new yards for storing containers.
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