Expansion of Colon Free Zone

The purpose of the multimodal logistics center now under construction is to connect the primary customs zone with the Colon area under the same tax regime, and the commercial areas of Coco Solo and Coco Solito.

Monday, April 17, 2017

The construction, being carried out by Constructora Urbana (Cusa SA) must be completed in 18 months. The project consists of building the entrance and exit building to the multimodal logistics center on Randolph Avenue, and the objective is to unify the primary customs zone with the area of Colon under the same tax regime as the expansion areas developed over the last 20 years in Coco Solo and Coco Solito.

A statement issued by the Colon Free Zone (ZLC by its initials in Spanish) states that "...The benefits of this project are to integrate the operations of ports, the Free Zone, the Airport and the Railway, streamline operations in the area, reduce operating costs and contribute to the free movement of goods in order to reduce times. The work will be carried out by Empresa CUSA, S.A. and consists of: the construction of (12) entry and exit gates to the logistics center, administrative buildings and their parking lots, relocation of public utilities and infrastructure, among other things".

Usha Mayani, president of the Association of Users of the Colon Free Zone, told Prensa.com that "... the investment is positive, but he warned that the existing infrastructure must be addressed and improved. However, he stressed that closing the Randolph Highway and bringing it all together has been a dream of the private sector in the ZLC."

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More on this topic

Single Window for Colon Free Zone

April 2019

In Panama, the regulations for the creation of the Single Window of Paperwork and its procedures to expedite trade in the free trade zone were approved.

"The Board of Directors of the Colon Free Zone (ZLC) approved the resolution that regulates the creation of the Single Window of Paperwork (VUT) and its procedures to expedite trade in the free trade zone, reported the manager of the free trade zone, Manuel Grimaldo," explained the ZLC.

$45 million Logistics Park

June 2017

In a 13-hectare site in the province of Colón, Panama, a logistics park consisting of 5 buildings measuring 5,000 square meters each will be built.

According to the interactive platform "Construction in Central America" complied by the business Intelligence Unit at CentralAmericaData, Colon Container Terminal, S.A.

Panama: More Space for Growth in Colón Free Zone

November 2011

The Colón free-trade area (ZLC in Spanish) will be expanded to include a further 280 hectares in the region of Coco Solo.

Panama's Council of Ministers has authorized the Finance and Economy Ministry (Mef) to sign over the deeds of 12 pieces of land to ZLC which together have a total surface area of 280.4 hectares.

Panama: $20 Million Investments in Colon Free Zone

May 2010

Authorities from the Colon Free Zone (ZLC) met with potential investors to develop the Coco Solito sector.

This project comprises building new warehouses and parking lots.

Leopoldo Benedetti, ZLC CEO, told Prensa.com that “ZLC has been steadily growing for the past 10 months, and will continue growing within the city of Colón.

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