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$1.5bn reserved for Panamanian ports
01 Apr 2007
Panama’s Ministry of Commerce has indicated that planned investment of $1.5bn over the next eight years will effectively double national port capacity. In all, $200m will be used to expand the port of Balboa, while PSA has announced additional investment to build a new facility at Rodman.
This expanded port will be located on the western side of the Panama Canal, although go-ahead for the project will depend on PSA reaching an agreement with the incumbent operator Pimsa.
