Panama Plans More Logistics Development

The Panama Canal Authority expects to tender at the end of the year several logistics projects to be developed in 1,200 hectares of land in the canal zone.

Tuesday, March 28, 2017

The goal of the Panama Canal Authority is to generate value-added services around the extended canal, and according to the head the institution, Jorge Luis Quijano, several state companies from China have already expressed interest in participating in the development of these projects, which could be estimated at $1 billion and would be developed over a period of five to seven years.

Prensa.com reports that "...China Communications Construction, Corp., its subsidiary China Harbour Engineering Company and China Railway Group has shown interest in the projects, Quijano told Reuters." The Chinese company Cosco Shipping, Corp., which has interests in ports such as El Pireo, made contact in the past with the ACP in order to see the plans for grounds, Quijano said.'There are opportunities there for some of these Chinese companies to participate as concessionaires, not only as contractors to build something, but they can also apply for the concession and build later. "

The list of possible projects to be developed in the areas around the Canal includes a "... center of liquefied natural gas, the Roll-On / Roll-Off (Ro-Ro) center and a tourist Boulevard in Colon."

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More on this topic

More Development Around the Panama Canal

April 2016

As soon as the third set of locks starts operating, the Canal Authority plans to develop logistics and industrial projects in the thousand hectares located west of the waterway, near the former Rodman base.

Building a roll-on roll-of port, an industrial area and an area to store refrigerated cargo are part of the recommendations that Antea Group made to the Panama Canal Authority, after it requested a study to determine the feasibility of developing the area. The main objective of the Panama Canal Authority is to take advantage of the expansion of the road and increase its value, providing complementary services to local and multinational companies.

Panama: Ro-Ro Terminal in Corozal

November 2015

The Panama Canal Authority expects to start in February the construction of a specialized Roll On-Roll Off cargo terminal in the Pacific, next to the planned container port in Corozal.

The purpose of a specialized rolling cargo terminal is to turn the area where it will be built into a center for redistribution of vehicles, machinery and heavy equipment to serve the local market and other Latin American countries.

China and Another Panama Canal Expansion

February 2015

Studies are being carried out to ascertain feasibility and demand for the construction of a fourth set of locks on the Panama Canal, with interest in the project being shown from the China Harbour Engineering Company.

Representatives from the China Harbour Engineering Company (CHEC), who have shown interest in the finance, design and construction of a fourth set of locks, will be visiting the country in order to follow up on the studies and projects which the Panama Canal has planned for the coming years.

More Port and Logistics Investment in Panama

January 2015

The Panama Canal Authority plans to tender a logistics park and port for ships transporting vehicles and machinery, as well as a study for a logistics annex to the new Pacific locks.

It is expected that the proposals will be taken to the Board of Directors of the Panama Canal Authority (ACP) in the first six months of the year for approval.

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