The two-year contract involves dredging and the construction of a quay wall for the expansion of the terminal owned by PSA. The PSA terminal is located on the western bank of the Panama Canal’s Pacific entrance and has a 450,000 TEU capacity. It currently offers 330m of berthing served by three quay cranes and nine yard cranes. The new project is designed to enable it to handle 2 million TEU.
This expansion was approved by Panama’s National Assembly earlier this year and is scheduled to be operational in the first half of 2017. It comprises the dredging and excavation of approximately four million cubic metres of material to a depth of 16.3m, as well as the construction of an 800m.
When fully operational, PSA Panama will be able to handle two ‘mega ships’ simultaneously. New container handling equipment will include eight new quay cranes for super-post-Panamax vessels as well as 12 rail-mounted gantries. The contract will generate an estimated 1,000 jobs during the two years of construction, and at least 400 additional long term jobs for operation of the expanded terminal.