Panamanian Sea and Coasts Concessions Evaluated

AMP will consider today whether to grant the concessions requested for the Panamanian coast and ocean floor.

Thursday, April 16, 2009

Among the concessions sought from the Panamanian Maritime Authority (AMP) are one for marine tourism and the other for the construction and operation of a dock for transferring fuel to ships. Additionally, a concession was requested to provide docking, loading and unloading of containers and the construction of a freight building, and another to construct and operate a terminal for the transshipment of oil products.

Prensa.com published: "According to AMP concessions regulations, the cost per square meter of sea floor ranges between three and eleven cents, depending on the area and whether it is on an island or on the coast of the city."

More on this topic

Panama: $20 million in Airport Hotel

April 2013

With an investment of $20 million the Crowne Plaza Panama Airport will be constructed, one minute from Tocumen International Airport.

Intercontinental Hotels Group and Bern Hotels & Resorts have signed an agreement to build the Crowne Plaza Panama Airport, which will be located on the premises of Global Business Terminal in Torremolinos, Tocumen.

Panama to Build Free Zone for Fuels on Isla de Melones

February 2012

The company Melons Oil Terminal Inc will operate and manage a Fuel Free Zone capable of storing 2 million barrels of oil.

A press release from the Presidency of Panama reads:

The Cabinet Council has authorized the Minister of the Presidency on behalf of the State to finalise a contract with the company Melons Oil Terminal Inc., for the operation and administration of a Fuel Free Zone capable of storing 2 million barrels of oil .

Decal to Invest $25 Million in Panama

January 2010

The company, a supplier of bunker fuel for tanker ships, will invest in expanding its facilities during the next 12 years.

The announcement was made by Guillermo Márquez, company representative, after the corporation signed an agreement with the Panamanian State to extend its concession at Isla Tabogilla, in the Pacific coast.

Panama: Two Coast and Sea Concessions Approved

April 2009

AMP approved two of the four concessions that it was assessing yesterday, leaving two pending a resolution.

The Panamanian Maritime Authority (AMP) authorized the award of more than eight hectares to the Decal S.A. Company to build and operate a dock on the island of Taboguilla for fuel transshipment and also approved a five acre concession for Miramar Development Corp. to build a tourist marina in Avenida Balboa.

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