Panama's megaport hit with new legal action

A new legal action claiming that the construction of a huge container terminal in Farfán, Panama is unconstitutional has surfaced. It is being presented by the lawyer Alana Herrera Pinzón.

Wednesday, June 18, 2008

The action was presented before the Supreme Court of Justice.
It was first brought before the Secretary General of the Court on June 6. It challenges the legality of Article 1 of Resolution 24, passed on April 7, 2008 by Cabinet.
The article in question authorizes Commerce Minister Carmen Gisela Vergara to negotiate a contract for the design, construction and maintenance of the megaport in Farfán, with the consortium of Cosco Pacific Limited and Ports America Group.

More on this topic

Negotiations for Farfan Megaport in Panama continue

January 2009

The consortium made up of Ports of America and Cosco Pacific are looking for the best way to move ahead in the face of rising costs along with the restriction of credit.

Prensa.com reports "We are discussing the matter with our partner to determine which is the best route to follow," explained Stephen Edwards, president of Ports America to the La Prensa daily.

Farfan megaport in Panama shipwrecked.

November 2008

Port companies lost interest in the project due to the widening of Panama Ports and the construction of the Rodman port.

The Farfan megaport has gone under. The $600 million project, which would have converted Panama into the Singapore of the Americas with regard to logistics, has come to an end. The global economic crisis was the last nail in the coffin.

Panama: Maritime industry terminal to be constructed

September 2008

At an investment of around $2 to 4 million, a group of members from the Maritime Chamber are pushing for the construction of a terminal on the Pacific coast (Farfan).

The project, which will be developed as a maritime service cooperative, will take 24 months to complete.
The terminal will have a loading and unloading passenger dock, a dock for unloading merchandise from supply ships, offices for shipping agencies, customs, quarantine, immigration, shops for the retail sale of spare parts for small boats, cold room, restaurant and depot, etc.

Talks launched on new mega-port for Panama

May 2008

Negotiations on the development of a large container port at Farfán, on the western approach to the Panama Canal have begun between Panama's Ministry of Commerce and Industry and a consortium led by Hong Kong-based Cosco Pacific and Ports America Group of the United States.

Representatives of the consortium were met by Carmen Gisela Vergara, the minister for commerce and industry, Fernando Solórzano, manager of Panama's Maritime Authority, and Alberto Alemán Zubieta, the Panama Canal administrator.

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