Panama Transport

Chapter | Transport & Logistics from The Report: Panama 2015

Making up 18.5% of Panama’s GDP at a value of $6.6bn in 2014, the transport, storage and communications sector has historically been a pillar of Panama’s growth. The solid performance of the transport and logistics sector, which grew more than 17% annually between 2007 and 2014, is set to continue, driven in large part by planned substantial public investment. According to the Strategic...

Despite slower GDP growth of 6.2% in 2014, according to the Ministry of Economy and Finance, Panama remains one of Latin America’s fastest growing economies, a trend set to continue in coming years with the IMF forecasting average annual growth of around 6.5% over the next five years.

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Los prolongados esfuerzos de sucesivos gobiernos por posicionar a Panamá como centro global de negocios y transporte recibieron un importante espaldarazo en agosto, tras conocerse que Emirates realizará vuelos directos desde Dubái a Ciudad de Panamá.

Aunque un nuevo conflicto laboral amenaza con postergar las obras de expansión, el tercer carril del Canal de Panamá está previsto para abrir en abril de 2016, después de que la Autoridad del Canal de Panamá (ACP) aprobara el presupuesto el pasado julio. 

What changes will local ports undergo in response to the completion of the Panama Canal expansion?

Making up 18.53% of the country’s GDP at a value of $6.6bn in 2014, transport, storage and communications has historically been a pillar of Panama’s growth. The opening of the Panama Canal in 1914 and the subsequent handover of the passage from the US to local authorities at the end of 1999 has been a catalyst of the country’s economic success. Many activities related to...

Panama has a long history of transport and logistics infrastructure investment, with one of the most significant certainly being the widening of the Panama Canal. With an initial budget of $5.25bn, recurrent costs have raised the cost of the project to more than $6bn. Some estimate the grand total may reach $7bn, over 30% more than originally planned. Cost overrun claims...

With access to both the Atlantic and Pacific Oceans within a few kilometres of each other, Panama is one of the best-located countries for maritime activities globally. Added to its location, the Panama Canal and its expansion make it a key player in world commerce. The current container-handling capacity for the Pacific side of Panama is estimated at 5m twenty-foot...

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