PSA International’s US$450 million Panama International Terminal (PPIT) is storming ahead with its development with the beginning of dredging and quay work leading to the facility opening in the first half of 2017, according to The Bulletin Panama.
In order to handle two mega-ships simultaneously, PSA is constructing an 800 metre quay-wall, as well as dredging approximately four million cubic metres of material.
Alessandro Cassinelli, General Manager of PSA Panama, said: “We are pleased to partner Jan De Nul and Saipem in the construction of this new expansion phase. Our combined expertise will help ensure the building of a more robust terminal infrastructure at PPIT.”
Read PSA: Modern Mega Terminals
Enno Koll, Head of Latin America for PSA, said: “Panama is a key node in the Latin America region, and plays an important role in facilitating and building regional trade and commerce. The expansion of our terminal on Panama’s Pacific coast is testament to PSA’s commitment to this region.
“PPIT’s expansion gives shipping lines the peace of mind that there is enough capacity on the Pacific side of Panama for the foreseeable future and enables us to capitalize on the opportunities that the expanded Panama Canal brings.”
