The Panama Colon Container Port is anticipated to open with and Investment value of $900M by the end of 2014

The Panamanian maritime industry represents 20% of the Gross Domestic Product and is the fastest growing sector in the national economy.

Investment resulting from development and privatization of ports exceeds the sum of one billion dollars and continues with its expansion, privatization and concessions plans in the Panamanian port system in both oceans.

The Panama Maritime Authority, an autonomous entity of the Panamanian Government is responsible for approving, registering and authorizing regular and special flagging, either locally or by means of an authorized marine merchant consulate. It promotes domestic and foreign investment, and supports the development of Multimodal Logistics Center with the operation of the Panama-Colon railroad, providing greater operational efficiency to the Colon Free Zone.

During the last 10 years, the evolution of port activities has shown its highest level in growth and development in Panama. In 2010, the Panamanian port system moved 5,593,199 TEUs (container units of 20 feet in length), that is 31.8% compared to same period in 2009.

The Panama Colon Container Port (PCCP) is bringing together international leaders in the fields of maritime engineering, construction and operations, all committed to the construction of a modern and efficient port complex designed to serve present and future demands for transshipment and other maritime services in the Panama Canal Zone.

PCCP will be built to provide for capacity of up to 2 million TEU’s of dynamic throughput with anticipated opening in Fall 2014. Projected investment value greater than $900 million USD.

The Panama Colon Container Port Layout