The Panama Canal Authority will begin consultations with companies in the first quarter of next year to launch a competitive tender for the construction and operation of two new ports within its zone, a source involved in the preparations said Thursday.
The ports are part of a broader expansion plan aimed at enhancing cargo handling, transshipment, storage, gas transportation, and ensuring sufficient water for operations.
"There is a large demand for facilities and terminals," said Ricaurte Vasquez, head of the waterway, without providing further details.
The Panama Canal Authority did not immediately respond to requests for comment, though its top executives have previously indicated plans to invest around $8.5 billion over the next five years to update and expand infrastructure.
Key projects include building a large dam to contain the Indio River and create a new water reservoir, currently under review by Panama's Supreme Court following a lawsuit from affected communities. Another upcoming tender will cover a liquefied petroleum gas pipeline project within the canal zone.
The Panama Canal expansion comes during international scrutiny, including U.S. concerns over China’s influence in the country.
A magnitude 5.8 earthquake struck southwest of Greece’s island of Crete on Saturday, with no immediate reports of damage....
At least 10 people have been killed in Israeli strikes on Lebanon, Beirut's state news agency has said. The wave of attacks come despite a ceasefire ...
One person died after two freight trains collided on a bridge in Munich in the early hours of Saturday, causing two carriages to derail and crash onto...
At least seven people were killed and several others injured after two roadside bombs exploded in quick succession in northwest Pakistan on Saturday ...
Paraguay kept their World Cup hopes alive with a hard-fought 1-0 victory over Türkiye, but the celebrations were tempered by a costly red card for ve...
Russian-flagged tanker carrying approximately 700,000 barrels of crude oil docked at Cuba's Matanzas oil terminal on Tuesday, shipping data confirmed, marking a vital and controversial delivery to an island paralysed by severe energy shortages and a suffocating U.S. blockade.
Severe storms have disrupted cargo flows across Europe, shutting terminals and slowing vessel movements for some of the world’s biggest carriers.
A multimodal cargo airport in Azerbaijan’s Alat Free Economic Zone (FEZ) is scheduled for commissioning in Q1 2027, the deputy head of the FEZ governing body Ismail Manafov announced.
A new freight route connecting eastern China to Azerbaijan via Turkmenistan has officially been launched, marking a significant expansion of the Trans-Caspian International Transport Corridor, also known as the Middle Corridor.
One person was killed and dozens injured after two passenger trains collided near Bedford in central England on Friday, prompting a major emergency response, British Transport Police said.
Morocco captain and PSG defender Achraf Hakimi will face trial in France after an appeals court ruled there was enough evidence for the case to proceed.
Israel and Hezbollah have agreed to a ceasefire, a senior U.S. official has said. Hezbollah has released a statement saying Israel must leave southern Lebanon. Israel has said it agrees to the ceasefire, but has said its armed forces won't leave Lebanon and will resume hostilities if attacked.
U.S. President Donald Trump sought a deal with Iran "out of deperation," Iranian Supreme Leader Mojtaba Khamenei has said, in a statement on social media. Khamenei added that he himself "held a different view," to Trump, but allowed the agreement after receiving assurances from Iran's President.
Russia's defence ministry says its forces have captured the village of Yurkivka in Ukraine's eastern Donetsk region, according to the Interfax news agency. The claim could not be independently verified.
A magnitude 5.8 earthquake struck southwest of Greece’s island of Crete on Saturday, with no immediate reports of damage.
One person died after two freight trains collided on a bridge in Munich in the early hours of Saturday, causing two carriages to derail and crash onto the street below, police said.
A senior aide to Ukrainian President Volodymyr Zelenskyy has said he will return a Polish state honour in protest, after Poland’s president stripped Zelenskyy of the country’s highest award over a historical dispute.
Bolivian President Rodrigo Paz declared a state of emergency early on Saturday, escalating a blockade crisis that has paralysed parts of the country and placed growing pressure on his government.
Morocco captain and PSG defender Achraf Hakimi will face trial in France after an appeals court ruled there was enough evidence for the case to proceed.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment