Panama’s Balboa Port Set for Expansion

Panama's Balboa Port Set for Expansion
Port of Balboa

The Panama Ports Company (PPC), a part of Hong Kong-headquartered Hutchison Whampoa Ltd., has set aside a budget of around USD 110 million to expand Panama’s Balboa port throughout 2015, Reuters reports.


The upgrade is expected to result in more loading and unloading space within the port, as well as to electrify the facility’s current fuel-burning crane zone, said Aitor Ibarreche, PPC Chief Executive Officer.

“We expect this project will allow us to boost capacity to some 5 million containers, up 11 percent compared with the port’s current capacity,” said Ibarreche.

The expansion purposely coincides with the massive, USD 7 billion Panama Canal upgrade project, scheduled for completion by 2016.

Besides the Balboa Port, PPC operates the Cristobal Port on the Caribbean coast.

World Maritime News Staff; October 13, 2014; Image: ASTL



Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >