The Advantages of Tocumen as Cargo Hub

As a gateway to 90 destinations in America and Europe, and soon Asia, Panama International Airport is venturing into the high value air cargo business.

Wednesday, February 17, 2016

The development of the logistics area at Tocumen International Airport will bring opportunities for infrastructure development in terms of roads, land leveling and construction and fitting of galleys and sheds. But it is also predicted that it will dynamise a discrete market, that of air cargo transport, whose business represents only 9% of the income of the world's airlines.

With the aim of increasing between 4% and 5% per year in the air cargo market, airport authorities have included in their master plan the development of logistics cargo area with areas for specialized airlines, business workshops and a free zone for manufacturing. "... Our analysis and studies show us that we must continue in the business of high value air cargo , " said Joseph Fidanque III, general manager of Tocumen International Airport, SA to Martesfinanciero.com.



More on this topic

Six companies Interested in Free Trade Zone in Tocumen

December 2016

Schencker from Germany, Blue Logistic from Colombia and the Panamanian companies J Cain & Co. and Colon Import, and two groups who preferred to remain anonymous, have expressed interest in participating in the project.

Joseph Fidanque III, manager of Tocumen S.A., said that when they have the plans for the free zone, which it is estimated will be in about four months, they will call a tender for the construction of the work, which is part of a cargo logistics plan, and includes an investment in the long-term of $70 million. For the first phase they have already approved $15 million, part of which will be used for soil conditioning and roadworks.

Logistics Center in Tocumen to be Tendered in April 2017

October 2016

The first stage of the project to develop a logistics center and free zone on 200 hectares in a section of Panama City airport will be tendered in six months.

The head of Tocumen S.A. told Laestrella.com.pa that "... the beginning of the bidding process is expected within six months, and the first stage will start with an investment of $15 million. 'The board of directors has already authorized us to start with the development of the urbinization to adapt 60 hectares for the concession and build the logistics craft'."

Free Zone Logistics Center in Tocumen

April 2016

In an area measuring ​​200 hectares the airport administration will develop a free zone for logistics companies, investing $30 million in the first stage.

The airport administrators said that "... the plans focus on adapting the 200 hectares that are part of the land area of the cargo terminal, transforming them mainly so that they can be developed by companies working in logistics services, storage of goods, assembly, high - tech companies related to aviation and airports, processing of finished or semi - finished products, specialized health services, among other things. "

Tender of Duty Free Areas at Tocumen in September 2016

November 2015

The Panamanian airport administration has hired the British company Pragma Consulting to design the strategy to tender the commercial area of ​​the southern terminal, scheduled for September 2016.

Pragma Consulting company also designed the tender process of the business premises that are currently operating under concessions which will expire in 2017.

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