Panama: Expansion of the Port of Rodman

PSA Panama plans to invest $450 million in the expansion, starting in 2017 with the construction of 800 meters of additional quays and the installation of eight gantry cranes and 12 RTG cranes.

Tuesday, December 1, 2015

From the press release by Global PSA:

With the beginning of the quay and dredging works, a major step forward has been taken to transform PSA Panama International Terminal into a 2 million-TEU (20-foot equivalent units) facility.

The expansion, which was approved by Panama’s National Assembly earlier this year, is scheduled to be made operational in the first half of 2017. It involves the dredging and excavation of approximately 4 million cubic meters of material, as well as the construction of an 800-meter quay wall. When fully operational, PSA Panama will be able to handle two mega ships simultaneously.

New container handling equipment to be added includes eight new super-post-Panamax quay cranes as well as 12 rail-mounted gantry yard cranes. All in, the expansion will be achieved at an investment cost of approximately $450 million U.S. dollars.

After six months of design and tendering process, the first contracts have been awarded to Jan De Nul and Saipem - construction contractors headquartered in Belgium and Italy respectively.

“We are pleased to partner Jan De Nul and Saipem in the construction of this new expansion phase. Our combined expertise will help ensure the building of a more robust terminal infrastructure at PPIT,” said Alessandro Cassinelli, PSA Panama General Manager. “Panama is a key node in the Latin America and plays an important role in facilitating and growing regional trade and commerce. The expansion of our terminal in Panama’s Pacific coast is testament to PSA’s commitment to this region,” said Enno Koll, Head of Latin America for PSA. “PPIT’s expansion gives shipping lines the peace of mind that there is enough capacity on the Pacific side of Panama for the foreseeable future and enables us to capitalize on the opportunities that the expanded Panama Canal brings.”

This endeavor will generate an estimated 1,000 jobs during the two years of construction, and at least 400 additional long-term jobs for the operation of the expanded terminal. Located on the western bank of the Panama Canal’s Pacific entrance, the current terminal opened for business in 2010 and currently offers 330 meters of berth length, 450,000 TEU annual capacity, served by three quay cranes and nine yard cranes, and is one of the most productive terminals in Latin America. PSA Panama International Terminal is well-positioned to participate in the growth of this strategic hub and provides an important port of call for shipping lines handling containers as well as Ro-Ro cargo.

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