No Room for Expansion of Port of Balboa

Panama Ports Company needs the lands near Corozal but these belong to the Panama Canal Authority which intends to build a new port.

Friday, October 11, 2013

"They are our (lands) and we will use them for our activities and they are not available to be sold to anyone," said Jorge Quijano, Canal administrator.

The Panama Canal Authority (ACP) paid $89.7 million for the lands in Corozal and is not willing to transfer them to the Panama Ports Company (PPC) to expand the Port of Balboa. Although there are several ideas for expanding the port the PPC prefers to keep the lands.

"All port operators have felt the need to expand beyond their original concession, and both the State and the ACP have been granted additional land. PPC has reached that point and it also needs to expand its port facilities and it is confident it will receive the same treatment as the rest of the port operators," said Rommel Troetsch, head of corporate affairs for PPC.



More on this topic

Corozal: Port or Logistics Park?

November 2013

Under the logistic´s development framework discussion has arisen on the use of the lands adjacent to the terminal run by the Panama Ports Company.  

Studies by the Panama Canal Authority (ACP) confirm that in Corozal (Pacifico) "a 2000 meters port of linear dock could be built for receiving five Postpanamax ships simultaneously," reported Prensa.com.

ACP Invests $90 million in Land for Port

September 2013

The Panama Canal Authority has acquired a 46-hectare lot in Corozal, where it intends to build a new container port.

The Panama Canal Authority (ACP) already owner 70 hectares in the same place, where it plans to build the port in two stages. Jorge Luis Quijano, the entity manager, explained that the land was owned by the Ministry of Economy and Finance (MEF), who was paid $89.8 million.

Panama: Ports Acquire 13 Electric Cranes

May 2013

The Panama Ports Company has purchased 13 electric Gantry cranes with capacity to stack up to seven containers high.

As reported Troetsch Rommel, corporate director of the company, the ZPMC brand cranes, left Jiangyn in China, on April 22 and are expected to be arriving at the port of Balboa on May 24, where the barge will unload 6 cranes, then move on to the Port of Cristobal where the remaining 7 will be unloaded.

Port Investment Grows in Panama

January 2013

The steady increase in the volume of cargo transiting the Canal country, leads to more investment in its ports.

The Panama Canal Authority is carrying out studies on developing a port terminal in the Corozal area. Another project will be developed in Margarita Island with an estimated cost of $600 million, according to Willys Delvalle, president of the Maritime Chamber of Panama.

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