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StigΔ to develop Panama Canal

Panama Canal commercial development plan

20 August 2015

In close cooperation with Antea Group and CroonenBuro5, StigΔ succesfully won a public tender to develop the Panama Canal.

Staff of Antea Group from the Netherlands as well as Colombia will be working on this project. The project kick-off meeting was held on August 10th, and the complete plan is scheduled for completion in March 2016.

Panama Canal Authority
The Panama Canal Authority (ACP) is an autonomous government entity in charge of the operation, administration, maintenance and modernization of the waterway. The ACP has commissioned Antea Group to produce a plan for the commercial development of an area of 1,200 hectares, located in the west bank at the Pacific side of the Panama Canal.

Panama Canal Expansion
When the Panama Canal Expansion is completed next year, the logistics cluster in Panama is expected to handle additional transshipment volumes, as well as new commodities like the liquefied natural gas (LNG). In order to capitalize on these opportunities, the ACP is interested in developing a plan that identifies potential projects and/or activities that maximize value for the Canal’s core business and contribute to the sustainable economic development for the Republic of Panama’s logistics cluster.

World class economic area
This plan shall determine optimal commercial uses for the subject area, which maximizes its land value, and provides a road map to develop it into a world-class economic area that exploits the comparative advantages of its strategic location at the Canal’s entrance.