Panama OKs USD 600 Million Colon Container Terminal
The Panama Maritime Authority has announced the approval of a new US$600 million container terminal in Colon at the Atlantic entrance to the Panama Canal.
According to the JOC , the terminal will be constructed by a consortium of Asian developers under the name Panama Colon Container Port LLC (PCCP), while Chicago-based Jones Lang LaSalle (JLL) will act as project advisor.
John Carver, the head of JLL’s global port infrastructure group, said: “This will be the first terminal in Panama designed from the ground up for the post-Panamax era.”
“We just did the bidding for the dredging and land reclamation two weeks ago, and we’re expecting to start construction in July,” concluded Carver.
Dredging Today Staff, May 8, 2012; Image: pancanal