The Panama Canal Authority is promoting the development of automotive and natural gas terminals on land bordering the new canal.

Jorge Quijano, ACP Administrator, met with current clients of the Canal and carmakers.

“We see that the route requires not only more traffic, but also land development,” said the official, who explained that the ACP has about 900 acres available, some created with earthworks from the Canal expansion, and there are currently 8 megaprojects under evaluation.

For the car project, the ACP met with Hyundai, Tusan and Volvo, as well as a heavy equipment factory, and hopes to visit Japan in August or September to look for more interested parties in that country.

As for natural gas initiative, Quijano has met with SurKorea Gas and Surkorea Energy, according to an article in laestrella.com.pa.

Source: laestrella.com.pa