Moderators Moderator_02 Posted June 10, 2017 Moderators Share Posted June 10, 2017 Quote $1 Billion Port Works Begins China Landbridge Group has started construction of the Panama-Colon container port in Isla Margarita, Panama, which will be capable of servicing Neo Panamax vessels. Thursday, June 8, 2017 From a statement issued by the Presidency of Panama:The investment of 1 billion balboas in the construction of a new container port in the country with capacity to attend Neo Panamax vessels reaffirms the confidence of foreign companies in the economic stability of Panama. This was stated by President Juan Carlos Varela during the laying of the first stone for the Panama-Colón Container Port, which will be located on Isla Margarita and will generate 800 direct jobs during its construction and 1,200 during the operation phase. http://www.centralamericadata.com/en/article/main/1_Million_Port_Works_Begins Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted January 31, 2018 Author Moderators Share Posted January 31, 2018 Quote $600 million Port Project Hindered by Environmental Issues The Supreme Court of Justice in Panama has accepted the appeal for legal protection brought against the construction project of a multimodal port in Isla Margarita, province of Colon. Monday, January 29, 2018 The Environmental Impact Study (EIA) that Panama Colón Container Port Inc. submitted at the end of 2016 to build a port terminal has been temporarily voided, while the Supreme Court of Justice analyzes the case before issuing a definitive ruling.The petition for an injunction against the project was presented by the NGO Centro de Incidencia Ambiental de Panamá, which argues that the dredging works that will be carried out will negatively affect the coral reefs and mangroves in the area.Prensa.com reports that "...For this port project, the Ministry of Environment approved a category II study in 2016, which established that the work would be done on 39 terrestrial hectares and 22 marine hectares. In addition, it specified that 356 thousand cubic meters of seabed would be extracted, in order to make a channel for approaching and berthing at the port with the appropriate conditions and characteristics to allow entry, maneuvering and berthing of superpanamax vessels."Regarding the Supreme Court's decision to accept the appeal, representatives from Panama Colón Container Port Inc. commented that "... the port terminal is a project that is currently investing more than $1,100 million and whose developers chose Panama as the premiere country in Latin America in which to deploy its investment, given the conditions of legal security and the policies of logistic development that the country has."See here details of the EIA for the construction of the port. According to the EIA, these are some of the works included in the project: Dredging of an estimated 365,600 m3 over an area of 22 ha. With the main objective being to deepen the entire area of operations for ships up to 16m below the low tide. Filling in of the sea bottom of the concession area with an amount of 480,000 cubic meters. Construction of a quay measuring 1,495 meters. Construction of an administrative area with a total area of 12,074.79 square meters. Construction of an operations and planning control area with a total area of 6878.54 m2, in this section a building will be erected a with an area of 1,008 m 2 on one level, with a height of 3.60 meters. https://www.centralamericadata.com/en/article/main/600_million_Port_Project_Hindered Quote Link to comment Share on other sites More sharing options...
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