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Ports : Panama Maritime and Port Development Strategic Plan, Vision 2040
The port and maritime sector in Panama stands out for having an expanded interoceanic canal, the country is one of the most important logistics centers for the collection and distribution of cargo in the Western Hemisphere.
Currently, it has the “Panama Maritime and Port Development Strategic Plan, Vision 2040”, which establishes a necessary investment in the area of ports of 2 Billion USD for the next years, including a great commitment to a new port in the pacific. The port of Colón in Panama remains the number 1 port area, in container movement in Latin America, according to data released by ECLAC in April this year.
Colón (Spanish pronunciation: [koˈlon]) is a city and seaport in Panama, beside the Caribbean Sea, lying near the Atlantic entrance to the Panama Canal. It is the capital of Panama’s Colón Province and has traditionally been known as Panama’s second city. Originally it was located entirely on Manzanillo Island, surrounded by Limon Bay, Manzanillo Bay, and the Folks River; however, since the disestablishment of the Panama Canal Zone, the city’s limits have been redefined to include Fort Gulick, a former U.S Army base, as well the former Panama Canal Zone towns of Cristofal. Margarita, and Coco Solo.
According to the Latin America Development Bank Latin America needs 55 billion USD to boost its maritime and port industry by the year 2040.
At the 6th Latin America Port Expansion Summit; government officials, investors, shipping lines, port authorities and port & terminal operators will go in discussion with consultants, architects, construction companies, equipment providers and service groups, in order to better explore the market and support the project development.
