Panama: Tourism or Logistics Park in Punta Batele

The area near the entrance of the Canal where land was recently sold to develop a resort could also host port logistics parks.

Tuesday, May 20, 2014

According to analysis by the Interamerican Development Bank (IDB) and the Canal Authority of Panama (ACP) the location of Punta Batele in the Pacific entrance of the canal, is ideal for port and logistics activities, taking advantage of its mixed inner city zoning generating increased revenue.

"We would have to talk to the Ministry of Economy and Finance (MEF) about the best use of the land ... The return would be greater if you could do a port," said Jorge Luis Quijano, ACP administrator. The consultant IDB Marelia Rivas said "A a plan of reorganization is needed for the Pacific area in order to give relevance to logistics projects." "

"Recently, the Cabinet approved the sale in the amount of $19,215,000, of the polygon PS01-5 at Punta Batele to Ridgebell International, SA, whose shareholders are London & Regional, the developer of Panama Pacific ... the company that will develop a high quality tourism complex which includes ecological preservation and has a hotel component, beach club and residential development ..."

More on this topic

Forum on Port in Corozal

November 2016

On November 8 Panamanian entrepreneurs will be meeting to discuss the project for the construction and concession of a port in Corozal and its impact on the economy.

From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama:

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.

Panama: Netherlands interested in Port in Corozal

February 2014

Dutch companies will be taking part in the competition for the concession of the container port planned by the ACP in the vicinity of the Port of Balboa.

Companies from the Netherlands have shown an interest in developing a new container port in Corozal in the 46 hectares belonging to the Panama Canal Authority, as confirmed by the Dutch ambassador to Panama, Jakob Wiebe de Boer.

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.

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