CHEC awarded contract to increase Colon Container Terminal’s capacity to 1.5 million TEU
China Harbour Engineering Company (CHEC) has been awarded a US$66 million contract to develop Panama’s Colon Container Terminal (CCT), owned by Taiwan’s Evergreen Group.
The expansion project, which began on July 1st, involves the build of a new 347-metre quay, with a draught of 16 metres, and 8.5-hectare container storage yard to increase CCT’s capacity to 1.5 million TEU, according to SeaTrade Global.
CHEC, who opened an office in Panama as far back as 2002, expect the project, representing the company’s first Panamanian contract for a decade, to be completed by July 2015.
In addition to CCT, CHEC are currently working on a number of port related projects in Latin America, which includes, on behalf of Manila-based terminal operator International Container Terminal Services Inc. (ICTSI), the $220 million expansion of Mexico’s Manzanillo Port.
Jianlin Liu, CHEC’s Panama general manager, said that the company is making “a comeback in the region in better conditions and with greater understanding of the market, with more experienced engineers”.
“There are lots of opportunities in the region and we want and are ready to participate in all the tenders that are on-coming.”