Investment in the construction of new ports is essential for a country like Panama, whose economy depends heavily on the logistics sector, to continue to compete globally in the coming years.
Since nearly one third of Panama's Gross Domestic Product is created by the logistics sector, the development of this productive activity is of great importance for the country.
Although 19 companies expressed interest in the project to design, build and operate the terminal, using the BOT mode, the $53 million tender has been declared void.
The tender was for best value and it was expected that at least two companies would submit technical and financial proposals. However, the Panama Maritime Authority (AMP) declared the act void, indicating, according to a report by Prensa.com, that "...
Shanghai Haojun Investment & Management is interested in participating in the project to build a road between Puerto Armuelles and a complementary port on the Atlantic coast.
The Chinese company Shanghai Haojun Investment & Management Co. Ltd. has expressed interest in taking part in the project which currently has a funding agreement for a technical study for the development of an intermodal canal, a multipurpose port and modernization of the infrastructure at the port in Armuelles.
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.
A Venezuelan company is undertaking processes with the Panama Maritime Authority for the award of the new port of Aguadulce, in the district of Barrios Unidos.
The Venezuelan-born company is responsible for the design, construction and operation of the new port. According to the president of the company, Edison Sanchez, not only will they build a bulk carrier and container port, there will also be services such as a cruise and oil port, as there will be tankers to store fuel.
The maritime industry will have two docks for auxiliary services in the Pacific and one in the Atlantic to use as a base for providing services to ships.
According to Willys Delvalle, president of the Panama Maritime Chamber, the committee on maritime industries at the Chamber is already working on approaches with companies for projects and he confirmed that they are going to provide all services required by the industry.
An announcement has been made for the construction of multipurpose docks in the Port of Balboa on the Pacific, and in the Port of Cristobal on the Atlantic.
The Panamanian auxiliary marine industry lacked the space required for its activity, which has been an obstacle to its growth, especially when taking into account the increase in maritime activity in the Canal Zone, once the expansion has been completed.
The governor of Cocle has denied that the project is stalled, saying that it is up to private enterprises to submit their bids.
The concession award of the new port for shipment and distribution center in Aguadulce in a multimodal format will be made using the turnkey model.
According to the governor of Cocle, Fernando Nunez, the project for the construction of the new port of embarkation and multimodal distribution center of Aguadulce has progressed and they are waiting for private companies to present their offers.
Authorities announced they have the designs and feasibility studies for a port development in the area, after ruling out the reconstruction of the old Puerto Armuelles.
According to an article in Prensa.com Minister Osman Gomez indicated that rebuilding the old pier would cost $70 million, so that option has been discarded.
The favored alternative is the construction of a multimodal dock in the area of El Porvenir.
After 15 years of expectations surrounding the issue, the Panama Maritime Authority has included in its budget the works, which will cost between $50 and $100 million.
The Panama Maritime Authority has approved construction of a multimodal port in Baru district, a project that will be included in the agency's budget this month, said its director, Roberto Linares.
Panama's advantages in combining sea, air and rail transport will be featured at the XVI International Maritime Conference and Exposition.
Businessman Eduardo Segura emphasized that Panama’s advantage in business regarding logistics lies in its capabilities as a multimodal center, where railway, ports, air and sea freight used simultaneously are the country’s greatest strength, which must be further advanced.
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Cosco Container Lines (Coscon) launched a new multimodal service in the Panamanian port of Balboa that links Asian markets with Mexico, Panama and the Caribbean.
The new service, known as the China Central America Express, was launched by the Cosco Sidney vessel that unloaded about 1,000 containers in Balboa for transport by rail to Colón.
The service – a joint venture by China-based Coscon, the Panama Ports Company (PPC) and Panama Canal Railway Company – provides a rapid and cost-competitive weekly link, said Lu Xin, deputy manager of Cosco Panama Maritime.