Planning Commercial Development Panama Canal

The Panama Canal Authority (ACP) has commissioned consultancy firm Antea Group to produce a plan for the commercial development of an area of 1,200 has located in the West Bank at the Pacific side of the Panama Canal

The Panama Canal Authority (ACP) is an autonomous government entity in charge of the operation, administration, maintenance and modernization of the waterway. The ACP has commissioned Antea Group to produce a plan for the commercial development of an area of 1,200 has located in the West Bank at the Pacific side of the Panama Canal. 

When the Panama Canal Expansion is completed next year, the logistics cluster in Panama is expected to handle additional transshipment volumes, as well as new commodities like the liquefied natural gas (LNG). In order to capitalize on these opportunities, the ACP is interested in developing a plan that identify potential projects/activities that maximize value for Canal’s core business and contribute to the sustainable economic development for the Republic of Panama’s logistics cluster. This plan shall determine optimal commercial uses for the subject area, which maximize its land value, and provide a road map to develop it into a world-class economic area that exploits the comparative advantages of its strategic location at the Canal’s entrance.

Antea Group was successful in winning a public tender in close cooperation with Stig and CroonenBuro5.  Staff of Antea Group from the Netherlands as well as Colombia will be working on this project. 

The project kick-off meeting was held on August 10 and the complete plan is scheduled to be delivered in March 2016.

Source: Antea Group

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