Panama's megaport hit with new legal action
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.
Wednesday, June 18, 2008
The action was presented before the Supreme Court of Justice.
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.
Port companies lost interest in the project due to the widening of Panama Ports and the construction of the Rodman port.
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).
Negotiations on the development of a large container port at Farfán, on the western approach to the Panama Canal have begun between Panama's Ministry of Commerce and Industry and a consortium led by Hong Kong-based Cosco Pacific and Ports America Group of the United States.
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