PPC eyes Corozal as room to expand its Port of Balboa

“They are ours (the land) and we will use it for our activities and it is not available to sell to anyone,” said Jorge Quijano, the Panama Canal administrator.

The Panama Canal Authority (ACP) paid $89.7 million for the land in Corozal and it is not willing to transfer this to Panama Ports Company (PPC) to expand the Port of Balboa. Although there are several ideas for expanding Balboa, PPC is inclined to look towards those lands.

Port of Balboa

Port of Balboa.

“All the port operators have had to expand beyond their original grants, and both the State and the ACP have granted them additional land. PPC has reached that point and is also in need of expanding its port facilities and relies on receiving the same treatment as the rest of the port operators,” said Rommel Troetsch, head of corporate affairs for PPC.

“Our proposal is Corozal because the Balboa docks should extend into the area with more container storage yards and also to develop a logistics park for companies that have shown much interest in locating there,” said the PPC official.

Troetsch added that “we only aim to Corozal, because the planned expansion of Balboa covers connecting to these areas, as there is no other area available at the other end of the concession, for its proximity to the Bridge of the Americas.”

Leave a Reply

Your email address will not be published. Required fields are marked *