The construction of the new container terminal in Moin has rekindled business hotels, corporate machinery, transportation and others, in an area deprived of development factors.
Renting working machinery, hiring companies for events and renting hotel rooms are just some of the new business deals being generated in Limon, since construction of mega-port project at Moin started.
The construction and operation for 20 years of a container port in Isla Margarita, in Panama, is governed by a detailed concession agreement.
"... The ambitious port project will have three docks and will be located in an exclusive area of Colon, where it will compete with the terminals currently in operation in the Atlantic: Cristobal, Colon Container Terminal and Manzanillo International Terminal. "
The Panama Canal expansion has generated a wave of investment in port infrastructure, especially in warehouses and distribution centers.
While waiting for the opening in 2015 of the expanded Panama Canal, the ports of the United States are preparing to compete for the lucrative increase in trade that is coming.
Developers, investors and the logistics industry are counting on ports, confident that these will be the main beneficiaries of the expansion of the Canal, which is expected to provide a big push for ports on the East Coast and the Gulf of Mexico, and for the logistic facilities strategically located near them.
APM Terminals has signed a concession contract for 32 years to build and operate a container terminal with an investment of $900 million.
The start of construction is scheduled for September. This first stage, at a cost of $300 million, should be completed in 2015.
"The company said, through a statement, that they have signed a concession for 32 years with the Port Authority of Lazaro Cardenas (APILAC) for the design, financing, construction, operation and maintenance of a new and specialized terminal", reported Americaeconomia.com.