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MSC, Notarc to complete construction of terminal at Panama Colon Container Port

In 2016, a consortium of Chinese companies led by Landbridge Group purchased the Panama Colon Container Port (PCCP) and committed to invest $900m in a new terminal. However, after Panama elected a new president, Laurentino Cortizo, in 2019, the Panama Maritime Authority (PMA) was charged with reviewing the PCCP development. The PMA found that the Chinese consortium had not complied with terms of its contract and, in June 2021, the agency revoked the consortium’s concession.

Construction of the terminal was 40% complete.

MSC has now partnered with Notarc Management Group, a global advisory, investment and management-consulting firm with a subsidiary in Panama, to finish the construction, starting in Q4.

Kim Biggar

Kim Biggar started writing in the supply chain sector in 2000, when she joined the Canadian Association of Supply Chain & Logistics Management. In 2004/2005, she was project manager for the Government of Canada-funded Canadian Logistics Skills Committee, which led to her 13-year role as communications manager of the Canadian Supply Chain Sector Council. A longtime freelance writer, Kim has contributed to publications including The Forwarder, 3PL Americas, The Shipper Advocate and Supply Chain Canada.
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