NEW PORT FOR PANAMA

The Panamanian government is due to issue a tender in 2005 for a mega-port at the Pacific mouth of the Panama Canal costing US$600m.

The timescale of the plan – divided into three phases – has been estimated at 6, 12 and 18 years and will be achieved with no detrimental effect to daily port operations. Piano’s plan envisages doubling the current operating surface from 200 to 400 hectares, thereby providing Genoa with the opportunity to address the challenges posed by future developments in the industry and to continue to build its role as a global trade gateway.

Five global stevedoring companies have already expressed an interest in the project, these being P&O Ports, Maersk, Cosco, PSA and Evergreen.