The administrator of the Panama Canal, Ricaurte Vásquez, announced that the entity plans to prequalify for new port terminals by the end of December or possibly in January. The project involves developing two terminals in Corozal and Telfers with a combined capacity of nearly 5 million TEU per year and an estimated investment of US$2.6 billion. He noted that 17 entities are currently in discussions in the initial phase, analyzing information, potential volumes, and long-term contracts needed to secure financing. Vásquez clarified that the Canal will seek to limit its financial risk in this project. The proposal also includes specialized infrastructure criteria and progressive environmental standards. The Canal held its first meeting on October 27, inviting port operators and shipping lines to provide feedback on the initiative. The administrator reiterated that all assets developed under this scheme will be the property of the Panama Canal and thus protected by the neutrality treaty. Regarding the gas pipeline, Vásquez explained they are currently in a round of meetings with interested companies. The president of APEDE highlighted that these investments represent a significant opportunity for the Panamanian economy.
