Panama: Maritime industry terminal to be constructed

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).

Thursday, September 4, 2008

The project, which will be developed as a maritime service cooperative, will take 24 months to complete.
The terminal will have a loading and unloading passenger dock, a dock for unloading merchandise from supply ships, offices for shipping agencies, customs, quarantine, immigration, shops for the retail sale of spare parts for small boats, cold room, restaurant and depot, etc.

More on this topic

Panama: Colón Port Starts Operations

August 2015

The terminal built by the concessionaire Minera Panama, in Punta Rincon, will initially be used for unloading construction materials for the Cobre Panama project.

The port required an investment of $54 million and was built entirely by Minera Panama, concessionaire of the Cobre Panama project , in the district of Donoso, Colon Province.

Negotiations for Farfan Megaport in Panama continue

January 2009

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.

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.

Farfan megaport in Panama shipwrecked.

November 2008

Port companies lost interest in the project due to the widening of Panama Ports and the construction of the Rodman port.

The Farfan megaport has gone under. The $600 million project, which would have converted Panama into the Singapore of the Americas with regard to logistics, has come to an end. The global economic crisis was the last nail in the coffin.

Panama's megaport hit with new legal action

June 2008

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.

The action was presented before the Supreme Court of Justice.
It was first brought before the Secretary General of the Court on June 6. It challenges the legality of Article 1 of Resolution 24, passed on April 7, 2008 by Cabinet.

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