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Panama grants concession for container terminal

Bnamericas

Panama approved legislation granting a concession to Singapore port operator PSA International to build and operate a container terminal capable of handling up to 1.85mn TEUs.

The contract grants additional land for the PSA Panama International Terminal, located at the Pacific entrance of the Panama Canal, and calls for PSA to install infrastructure for roll-on/roll-off and grain shipments, according to a government release.

The PSA Panama International Terminal is located at the former US Rodman naval base. The firm is also developing the Sociedad Puerto Industrial Aguadulce terminal in Buenaventura, Colombia, and operates the Exolgon Container Terminal in Buenos Aires, Argentina.

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