The purpose of the multimodal logistics center now under construction is to connect the primary customs zone with the Colon area under the same tax regime, and the commercial areas of Coco Solo and Coco Solito.
The construction, being carried out by Constructora Urbana (Cusa SA) must be completed in 18 months.The project consists of building the entrance and exit building to the multimodal logistics center on Randolph Avenue, and the objective is to unify the primary customs zone with the area of Colon under the same tax regime as the expansion areas developed over the last 20 years in Coco Solo and Coco Solito.
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.
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.
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. "
Yobel Supply Chain Management is looking for a plot in western San José to build facilities for concentrating its offices in one place and a distribution and a latest generation logistics center.
The Peruvian logistics giant is planning, for 2017, to concentrate its operations in Costa Rica, which is currently developed at two separate facilities.
An article in Elfinancierocr.com reports that Mario Vargas, general manager of Yobel SCM Costa Rica, said that "... The company has created a master plan for the current 5 year period and to do it, the Head Office in Peru has assigned an investment of over $5 million; looking ahead to 2020, we aim to centralize operations which are currently carried out in two facilities in the Coyol of Alajuela. "
Technical studies are to be carried out to determine the feasibility of building an intermodal 'dry canal' between Puerto Armuelles, in the Pacific, and a complementary port in Bocas del Toro, in the Atlantic.
The Panama Maritime Authority has announced that it will be focusing first on the study to determine the most feasible business model for the project.
Prequalification of investors for the logistics terminal to be built in Tecun Uman, near the border with Mexico will take place in August 2014.
From a press release issued by the National Agency of Partnerships for Economic Infrastructure Development (ANADIE):
The National Agency of Partnerships for Economic Infrastructure Development (ANADIE) has scheduled the tender for the intermodal dry port project Tecum Uman II for September, in order to make the award in January 2015 and see the project up and running by the end of that year.
It has been estimated that there are 80 million square meters of space in unmet demand for use as warehouses, industrial buildings and Office-warehouses by logistics companies.
In response to this lack of supply identified by Colliers International new projects have appeared west of the capital, near the logistics centers of companies which distribute their products nationwide.