Panama’s Balboa Port set for US$110m expansion
The Panama Ports Company (PPC), part of Hong-Kong based conglomerate Hutchison Whampoa, will invest around US$110m in 2015 to expand Panama’s Balboa Port.
The company’s chief executive Aitor Ibarreche made the announcement to Reuters on Friday.
The investment will boost capacity by 11% up to 5m teu by adding loading and unloading space.
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