Colon Terminal in Panama seeks to double copacity

The Taiwanese Container Terminal in Colon has asked the Panamanian government to expand the concession for its container yard.

Wednesday, October 22, 2008

According to the proposal, the company would get 12 additional acres in concession to convert them into a container yard, thereby increasing current capacity of 700,00 to 1.5 million containers.

With the new project, the company would have a total of 18.4 hectares in concession.

The company would pay the State $11.3 million for the right to use the area incorporated in the project, and the Ministry of Housing would receive 6 million dollars of this money to build houses for the 300 families that would be displaced by the project.

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