PSA to invest in Panama terminal

The PSA Panama International Terminal project comprises the construction, in its first phase, of a 330 m container and ro-ro berth, which will be able to handle about 450,000 teu per year. The berth’s 14 m water depth will enable the terminal to handle post-Panamax ships. Commercial operations are scheduled to begin within the next 18 months to two years.

At an announcement ceremony in Panama City, Eddie Teh, group CEO of PSAI, said, “Today is an important occasion for PSA as the PSA Panama International Terminal at Rodman represents our first ever port investment in the Americas, and we are delighted and honoured to be given this opportunity to make Panama the home for this landmark investment.

“I am indeed pleased that we have together taken this important step to develop Rodman into a major port facility on the Pacific coast, in tandem with the widening and expansion of the Panama Canal which is currently underway. This investment is the second major investment by Singapore in Panama and reinforces our commitment to the Free Trade Agreement entered into by our two governments a year ago.”