The Government of Panama will ensure that the current laws are respected in the sale of the ports adjacent to the Panama Canal. This comes in the context of the news about the acquisition of 90% of Panama Ports Co., a company that manages the Balboa and Cristobal ports, by a consortium.
According to statements from the Minister of Maritime Affairs, the Government will ensure compliance with national and international regulations regarding the operation of these strategic ports for the country. The main objective of this measure is to guarantee that port activities are conducted efficiently and transparently, in line with the required quality standards.
For their part, representatives of the acquiring consortium have expressed their commitment to continue investing in the modernization of port facilities and to contribute to Panama's economic development. This transaction is framed within the interest of enhancing the country's port infrastructure and consolidating its position as a logistics hub in the region.
In summary, the majority acquisition of Panama Ports Co. by a consortium entails the responsibility to comply with legal regulations in the management of Balboa and Cristobal ports. Both the Government and the new owners commit to working together to ensure the optimal operation of these facilities and their contribution to Panama's economic development.
