Negotiations for Farfan Megaport in Panama continue
The consortium made up of Ports of America and Cosco Pacific are looking for the best way to move ahead in the face of rising costs along with the restriction of credit.
Tuesday, January 13, 2009
Prensa.com reports "We are discussing the matter with our partner to determine which is the best route to follow," explained Stephen Edwards, president of Ports America to the La Prensa daily.
Port companies lost interest in the project due to the widening of Panama Ports and the construction of the Rodman port.
A new legal action claiming that the construction of a huge container terminal in Farfán, Panama is unconstitutional has surfaced. It is being presented by the lawyer Alana Herrera Pinzón.
At an investment of around $2 to 4 million, a group of members from the Maritime Chamber are pushing for the construction of a terminal on the Pacific coast (Farfan).
The resumption of construction of the mega-port, which has been paralyzed by multiple lawsuits, will be a topic for the next administration of the Panamanian Maritime Authority (AMP.)
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