During his participation in the Maritime and Water Law Summit, held in this capital, the Minister for Canal Affairs, Jose Ramon Icaza, said that the planned investment amounts to eight billion dollars.

As he explained in that forum, the strategy is to take advantage of the geographical position to compete in a sector that is growing rapidly.

According to the official, already in 2021 a U.S. company approached the Government to explore the feasibility of the gas pipeline project and now they intend to promote the bidding of the work with the contribution of private businessmen.

Icaza believes that this initiative will help generate a ‘new economy’ thanks to the diversity of activities that the pipeline can bring, beyond the canal operation.

On the other hand, the emergence of Chancay port, in Peru, and the development of interoceanic corridors such as that of the Isthmus of Tehuantepec, in Mexico, make it necessary for the interoceanic waterway to diversify its international offer in order to remain at the forefront of maritime and logistic development.

In the opinion of the president of the Panamanian Maritime Law Association, Joaquin De Obarrio, the country must take advantage of the current situation to improve its port logistics conglomerate, with the development of high-level shipyards and other related projects to improve the service platform.

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