The Panama Canal Authority (ACP) has granted 20 hectares of land under a lease agreement to PSA Panama International Terminal (PPIT) for “as long as PPIT has a valid concession from the Panama Maritime Authority (AMP),” said ACP Administrator Jorge Quijano.
This lease agreement will allow PSA-Panama International Terminal to expand its present installations, located next to the entrance of the construction of the Pacific new locks.
The 450,000 teu-facility began operations in July 2011 and is the fifth major container terminal in the country. Located at the former Rodman US Navy base, at the Panama Canal’s Pacific entrance, PSA Panama is built on a 22.5 hectare-site, with a 14 hectare container yard, a 330 m long container and ro-ro berth with 14.5 m water depth. It also has a 9 hectare-area available for development with logistics partners.
“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,” said Quijano.
“The land with nearly 1,000 m in front of the waterway will be sufficient to build 2 berths for new-panamax vessels,” added the ACP Administrator. PSA-Panama construction of its future expansion is expected to begin in the next months.
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