Port Finance International Events - covering global port developments

Search site

RSS
Wednesday, 02 December 2015

Jan De Nul Group to expand the PSA terminal in the Panama Canal’s Pacific Entrance

Jan De Nul Group secured its continuous presence in Panama for another two years through the award of the quay wall and dredging contract for the expansion of Panama PSA’s terminal. After six months of design and tendering process, the contract has been awarded to Jan De Nul Group and Saipem. With this contract, a major step forward has been taken to transform PSA’s terminal in Panama into a 2 million TEU facility.

Today, the PSA terminal, located on the western bank of the Panama Canal’s Pacific entrance, has a 450,000 TEU capacity and opened for business in 2010. It currently offers 330-meter of berthing served by three quay cranes and nine yard cranes.

This new 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 4 million m³ of material to a depth of 16.3 m, as well as the construction of an 800-meter quay wall. The dredging works will be executed by Jan De Nul Group. The quay wall extension is awarded to the Joint Venture Jan De Nul-Saipem. When fully operational, PSA Panama will be able to handle two mega ships simultaneously.

“Jan De Nul and Saipem have completed several major construction projects in Latin America, making this combined expertise a great added value to build a more robust terminal infrastructure in Panama”, said Alessandro Cassinelli, PSA Panama General Manager.

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.

About Jan De Nul Group

Technology and global expertise. These are the corner stones of Jan De Nul Group’s success. Thanks to its skilled employees and the world’s most modern fleet, Jan De Nul Group is a leading expert in dredging and marine construction activities, as well as in specialized services for the offshore industry of oil, gas and renewable energy. These core marine activities are further enhanced by Jan De Nul Group’s in-house civil and environmental capabilities offering clients a complete package solution.

Our professional and innovative solutions are trusted across the industry. Whether it concerns the construction of the new locks in the Panama Canal or a new port complex in Western Australia, together with our customers, we build for further economic development.

Press release dated 30 November 2015

ABOUT US

Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

Follow us

Newsletter

Sign up for our free newsletter