Panama: Environmental Study for Mega Port in Colon
A Spanish company apparently with no experience in the port industry plans to invest nearly $8 billion.
Monday, February 10, 2014
The project refers to a major port for post Panamax and super post Panamax ships to be built on isla Largo Remo en Colón.
An article in Prensa.com reports that "The project is called Puerto Verde Panamá Atlántico, and its development will cost around $7.972 million. The promoter is Linden Partners, a Spanish company. Details of the work are reflected in an environmental impact assessment (EIA) category III submitted in late 2013 to the National environmental Authority (ANAM), in order to determine the viability of the structure in Colon."
Linden Partners, according to information on the Internet is an international investment holding company primarily engaged in the pharmaceutical sector.
On the internet no information could be found on a Spanish company dedicated to logistics, maritime and port sector, under the name Linden Partners, which calls into doubt the announcement of the whole project.
The threat of paralyzing the work of the third set of locks of the Panama Canal is keeping maritime and port operators around the world on tenterhooks.
The conflict between the construction consortium (GUPC) headed by the Spanish Sacyr and the Panama Canal Authority (ACP), which originated over the demand for the first payment of $1.6 billion in cost overruns and the ACP's rejection of that claim, threatens to extend the opening of the expanded waterway, through which 5% of the world's maritime cargo passes, to beyond 2015.
Under the logistic´s development framework discussion has arisen on the use of the lands adjacent to the terminal run by the Panama Ports Company.
Studies by the Panama Canal Authority (ACP) confirm that in Corozal (Pacifico) "a 2000 meters port of linear dock could be built for receiving five Postpanamax ships simultaneously," reported Prensa.com.
The Venezuelan company Chambers Trading Enterprises Inc. will finance the construction of the new port of Aguadulce, in Panama, which will require an investment of $1.25 billion.
Work on the new port is planned to start in January 2014. "This week the governor of the province of Cocle, Juan Carlos Rodriguez, acting as legal representative of the project, signed the documents that give financial support to undertake the work", reported Prensa.com.
It is not only the ports on the South and East Coast of the U S that have to make provisions for the expansion of the Panama Canal.
Ports in the Caribbean and Latin America will also have a before and after the expansion of the Canal.
Post-Panamax ships require more depth in the access channels to ports and their docks, and this means adjustments to infrastructure need to be made early enough in order to stay in the market as shipping destination, after the inauguration of the new Canal in 2014.
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