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Latin America Investment News on Viva Tropical

Panama’s Canal Pushes Forward Big Infrastructure Projects for Central America

Article Summary:

The highly anticipated expansion of the Panama Canal will not only have far-reaching impacts on global trade, but also create significant opportunities for new infrastructure projects throughout Central America & the Caribbean.

Photo Credit: Costa Rica Times

Original Article Text From Costa Rica Times:

Eyes Focused on Central America Infrastructure

Latin America News –  The highly anticipated expansion of the Panama Canal, expected to be completed by 2015, will not only have far reaching impacts on global trade, but also create significant opportunities for new infrastructure projects throughout Central America & the Caribbean.

With the expansion, will come the capacity for larger cargo ships, and the subsequent need for stronger port and terminal infrastructure throughout the Americas.

Latin Markets 2nd Annual Central American & Caribbean Capital Projects & Infrastructure Summit, taking place January 28th-29th at the Trump Ocean Club in Panama City, will feature the regions leading developers of infrastructure projects, particularly those related to the enhancement of port infrastructure in the region. Over 60 project developers, investors and international construction companies are confirmed to present on their planned projects in the region.

For example, the anticipated construction of the $460m terminal in Costa Rica, which APM Terminals, Van Oord and Bam International have signed is expected to start on the first quarter of 2014. Paul Gallie, Managing Director of APM Terminals, will speak at the Summit on APM’s behalf.

According to a reports released by APM recently, the new terminal is anticipated to create 400 new direct and over 5000 indirect jobs. Further, the project is anticipated to inject over 4 billion into the Costa Rican economy, while employing unique construction methods meant to protect Costa Rica’s renowned biodiversity.

Included in the speaker faculty of the Summit, will also be Gordon Shirley, the chairman of the Port Authority of Jamaica. According to local reports, Jamaica is planning and implementing a strategy to prepare its port facilities and logistics infrastructure in anticipation of the Panama Canal expansion.

The aim of the Summit is to unite leading public and private sector investors, governments, and world-class service providers on new investments & development opportunities across Latin America’s rapidly expanding energy and infrastructure markets.

Link to Original Article:

From Costa Rica Times

Latin America Investment News on Viva Tropical