Chinese Investment in Port in Isla Margarita

The Chinese Landbridge Group has acquired Panama Colon Container Port and will invest the $900 million required for the new terminal, whose construction will be the responsibility of the Chinese company CCCC.

Tuesday, May 24, 2016

China Communications and Construction Company (CCCC) will oversee the construction of the new port project on Isla Margarita, in the Atlantic province of Colon. reports that "...China Landbridge Group acquired Panama Colon Container Port (PCCP) and with it the concession from the Panama Maritime Authority (AMP) to operate the new port. "

See: "Panama: Port Works in Isla Margarita"

"... At the moment we are still waiting for approval from the Environmental Impact Assessment by the Ministry of Environment before work can start. The construction will be carried out place ... over a maximum period of three years to complete the work. "

"Landbridge Group plans to invest in the port and in logistics traffic, integrating them in order to create a high-quality logistics park. The total amount is estimated at $900 million."

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