Investment

Brazilian delegation visits Colon Free Zone

La delegación de Brasil

A delegation comprised of 12 businessmen from Brazil, who represented a traders’ association of 100 companies, made a tour of the zone.

The executives are interested in making multimillion dollar investments in the Free Zone, Brazil is an alternative that allows the opening of new international markets, and these businessmen are making constant visits to establish relationships with traders in the Free Zone.

The new administration of Surse Pierpoint has undertaken business meetings with South [...]

Connexion Zona Libre covers five continents

From a small rented hangar with only 1,500 square meters in 2002, today Connexion Zona Libre, S.A., has its own warehouses with a capacity of over 20,000 m2, and a team of over 100 collaborators, including specialized professionals to choose and locate the best and cheapest land, air and sea routes.

Connexion Zona Libre, SA, was created in order to meet the needs of the global cargo market demands and requirements for efficient responses, targeting [...]

California ports to compete with the Panama Canal

Long Beach is installing more infrastructures to move containers from China.

“We are preparing for increasingly larger ships,” says Jon Slangerup, CEO of the Port of Long Beach, California. “The ships will be wider, deeper, and more containers will have to be unloaded from them faster.

“This is about future security, and the port is spending nearly $5,000 million in infrastructure investments in a 10-year plan because I literally do not know how much more [...]

PPC announces investment program in Balboa

Panama Ports Company (PPC), which operates the ports of Balboa and Cristobal, plans to invest over $100 million in 2015, said the chief executive of the company, Aitor Ibarreche.

PPC is a joint venture in which the Panamanian government holds a 10% stake and it operates in Panama since 1997 when the tender for the operation and administration of the two port terminals was awarded. In recent years, Balboa has handled more than 2 million [...]

Colon free zone working for the community

A large amount of sediment was found lodged in the sewage line, obstructing the operation of the pumps on Santa Isabel Avenue and 16th Street in the Colon Free Zone.

The Free Zone Maintenance Department officials gave support to the Institute of Aqueducts and Sewers by checking the damage, and then proceeded to the line that kept accumulating sewage, causing malfunctions in the pumping station.

All the work in the community done by the Free [...]

Tolls discount for Panama West Metro Line?

Metro de Panamá

By Marijulia Pujol Lloyd

In recent developments, Japan announced it was prepared to finance and build Panama’s Metro Line 3, a 21 kilometers stretch that will connect Albrook Terminal to La Chorrera, crossing a fourth bridge over the Canal. It will have 14 stations, cost almost $2,000 million and run parallel to the Interamerican Highway. However, residents of Panama west will have to wait at least five years for it to become a reality.

Japan [...]

Japan and Panama one step closer on financing Line 3 of the Metro and new Canal bridge

Officials of Panama and Japan are coordinating the steps to take to arrange financing, of the Metro Line 3 out to the west of Panama City which includes a new bridge over the Canal, although no construction date has been set.

The third line of the Panama Metro might be funded by the Japanese government over a 40 year span with a ten year grace period.

Panama’s president, Juan Carlos Varela, held a bilateral meeting [...]