A lot is happening here in Panama with the upcoming opening of the expanded Panama Canal and all of it is good.  The port of Colon will be expanded with this mega project.  Largo Remo Island in Colon was sold for $30 million for the construction and operation of a container port for handling super post panamax vessels.

The Panamanian Cabinet Council resolved to authorize the Administrative Unit for Reverted Properties-to “… sell to the company SMC BARCELONA, SA, polygon IL01-01, located in the area of the island of Largo Remo, township of Cristobal, district and province of Colón, at a price of 30 million dollars for the construction, development, management and operation of a port for handling containers and other complementary activities. ”

According to press reports in February this year, “… The project is called Atlantic Panama Puerto Verde, whose development will be in the amount of $7.972 billion. The promoter is Linden Partners, a Spanish company. ”

“… the main objective of the Marine terminal is to meet future demand for shipping services and fuel supply of postpanamax boats that pass through the Canal, as well as serving as a complementary port for docking larger vessels with expanded dimensions which do not pass through the waterway. That is to say, those ships known as super post-Panamax. ”

“… The master plan for marine structure includes a multimodal port with areas for an industrial port, fishing, cruises (tourist), terminals for solid and liquid bulk cargo and fuel, logistics zone, singular building (five towers), tourism and trade zone, power plant, eco-park, connections and infrastructures in approximately 432 hectares of marine area and 225 acres of land area. “

Source: Presidencia de Panamá