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.
Port companies lost interest in the project due to the widening of Panama Ports and the construction of the Rodman port.
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.
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 implementation of a technology system promised to streamline operations in the terminal, but ironically it has stalled operations since last Wednesday.
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