PPIT granted 20 hectares of land to expand container facility
PSA International has been granted approval by the Panama Canal Authority (ACP) to acquire land for the expansion of its Panamanian container terminal.
Under its lease agreement, PSA Panama International Terminal (PPIT), located at the entrance of the Panama Canal’s new Pacific Locks, under construction as part of the waterway’s multi-billion dollar expansion, will be able to use an additional 20 hectares for expansion, report Seatrade Global.
“PSA-Panama will be able to use only 10 hectares because the rest of the land will have to be excavated and dredged since it is close to the entrance of the third and eventual fourth set of new locks,” Jorge Quijano, ACP Administrator, told Seatrade Global.
“The land with nearly 1,000 metres in front of the waterway will be sufficient to build two berths for new-Panamax vessels.”
PPIT, which began operations in December 2010, handles both ro-ro and containerised cargo at its 330-metre quay and boasts an annual capacity of around 45,000 TEU.
PSA-Panama expects to start expansion works at the terminal before the end of the year.