The National Environmental Authority (ANAM) reversed the decision claiming that the environmental impact study submitted by the company Vertikal Corporation should be category III not II, as "... not all of the risks of fuel transfer were measured." The study presented by the company had been approved by the previous administrator Anam, Silvano Vergara.

Read here about the 4-hectare concession granted to the company for the development of the fuel terminal.

The Anam has now notified Vertikal of the decision and the commercial firm has five working days to file a motion for reconsideration. "

"... Vertikal's intention was to anchor a single buoy at sea, which would connect subsea pipelines and then would join other underground conduits until it reached the airport. "

Source: Prensa.com

More on this topic

Environmentalism Vs. Development

January 2018

The Panamanian Supreme Court of Justice has revoked the resolution that had approved the environmental impact study to build an oil pipeline that would supply fuel to Tocumen airport.

The ruling by the Supreme Court of Justice comes just a few days after the same institution received an injunction against a project to build a port terminal on Isla Margarita, Colón, with an estimated investment of $600 million. Also annulled by the Court, in mid-January, was an EIA to set up a 150 MW wind farm, which was to be built in the Fortuna forest reserve.

Concession for Free Zone for Fuel Extended

June 2014

The executive power has authorized the extension of a contract for the operation and administration of the Free Zone for Fuel in Chiriqui granted to the company Petroterminal of Panama.

From a report issued by the President's Office in Panama:

The Cabinet Council approved a resolution that authorizes the Minister of the Presidency, to grant the extension to Contract No.

Panama: Concession for Fuel Storage

June 2014

The government has authorized the granting in concession of 4 acres to Vertikal Corporation for 20 years to operate a terminal to supply fuel to Tocumen airport.

From a report by the Cabinet Council of Panama:

Concession contract agreed between AMP and Vertikal Corporation, Inc.

Panama: $52 million for New Fuel-Free Zone

April 2014

Telfer Tanks has been granted a concession for the operation and management of a storage terminal and pumping stations in the province of Colon.

From a statement issued by the presidency of Colombia:

"The Cabinet Council authorized the Minister of the Presidency to conclude the Contract for Administration and Operation of a fuel free zone with the company TELFER TANKS, INC., whose investment exceeds 52 million dollars.