Quay and dredging works have begun at PSA Panama’s International Terminal (PPIT), as part of a US$450m expansion project to raise the facility’s capacity to 2m teu.
After a six month design and tendering process, the first contracts were awarded to Jan De Nul and Saipem – construction contractors headquartered in Belgium and Italy respectively.
The expansion, which was approved by Panama’s National Assembly earlier in 2015, is scheduled to become operational in the first half of 2017.
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