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.

[mappress]

Dredging Today Staff, May 8, 2012; Image: pancanal