By Marijulia Pujol Lloyd
Panama, with its newly expanded Canal about to open, along with other country members of the Central American Integration System (Sieca) needs to develop an efficient multimodal logistics system to maximize trade potential.
One of the solutions is an efficient railway network together with a maritime transport system to revitalize the region’s economies.
Two projects are being evaluated for the area of Mesoamerica, a transcontinental railway and a maritime transport system, [...]
State will help improve port connectivity
The Port of Singapore Authority (PSA) is to expand the terminal operated by its subsidiary, PSA Panama International Terminal, in the former Rodman Naval Base, to increase its current capacity of 450,000 containers (TEUs) per year to a minimum of 1,850,000 TEUs annually.
The terminal will also have the capacity to handle bulk cargo and vehicles (ro-ro). The work will cost $350 million.
According to Drewry Maritime Research, PSA [...]
COLÓN FREE PORT
President Juan Carlos Varela created a High Level Group to promote the development of the Amador Causeway and another to assess the viability of the Colón Free Port Project. The purpose of the first HLG is to analyze comprehensively the development of the Amador area to include a port for cruise ships, maximizing the use and development of the properties belonging to the Administrative Unit of Reverted Properties (UABR), attract tourism and [...]
The Panama Canal has signed a cooperation agreement with the Port of Lake Charles, Louisiana, as part of the strategy to attract new customers in the liquefied natural gas (LNG) market to the advantages offered by the expanded Canal.
The agreement was signed by the Canal Administrator, Jorge Luis Quijano, and the executive director of the port, William J. Rase, during a tour of the port terminal in the Gulf of Mexico, one of the [...]
The first of eight new Pacific lock gates was succesfully installed last week. It weighs 2,300 tons, measures eight meters in width, 57.6 meters in length and 22 meters in height.
President Juan Carlos Varela and Enrique García, the CEO of CAF, the development bank of Latin America, signed a joint declaration which provides $2 billion in support for the country over the next five years.
According to the Panamanian government, this funding will boost a development strategy that is being promoted by the Panamanian government prioritizing social inclusion and equity.
Panama and CAF will deepen cooperation in the energy, infrastructure, urban transport and logistics fields, [...]