PSA Panama showcases expansion project at Panama’s maritime forums

PSA Panama showcases expansion project at Panama’s maritime forums
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The expansion project for PSA Panama International Terminal has taken center stage at business and academic forums in the country.

David Taylor, PSA head of civil engineering for Latin America, presented the technical challenges and relevance of the project at the I Maritime Civil Engineering Week, organized by Panama’s International Maritime University. Meanwhile, Alejandro Marin, operations manager for PSA Panama, showcased Phase 2 at the 2015 Maritime Forum organized by Capital, Panama’s main financial weekly publication. Both events took place in Panama City, on August 25 and 26 respectively.

PSA Panama’s expansion project, also known as Phase 2, was also featured by Gerardo Varela, general port director of Panama’s Maritime Authority, who spoke about port development projects in the country at the Capital forum.

At a $400 million investment, this project began in May 2015 and is expected to take 20 months. This expansion consists in the installation of 800 meters of linear quay, two simultaneous berths for mega ships, and the expansion of its container yard to 2 million TEU capacity. Additionally, PSA Panama will install eight new cranes with 24 rows extension and 12 rail mounted gantries.

Phase 2 will require the hiring of an estimate of 1,000 workers during construction and will generate 400 additional jobs for the operation of the expanded terminal.

PSA Panama International Terminal is located at the western bank of the Panama Canal’s Pacific entrance and currently features one 330 meter berth and a 450,000 TEU capacity container yard with three quay cranes and nine rubber tire cranes.

In October, PSA will participate in TOC Americas and ExpoLogistica.