Panama will award a concession for the development and operation of a container yard on 54 acres in San Cristobal, Panama Province, with an investment of $105 million.
A statement by the Presidency of Panama reads:
The Cabinet Council approved a resolution which includes awarding a concession contract between the state and United Crown Construction Inc to develop the project Isla Margarita Logistic Park in the district of Cristóbal, district and province of Panama.