Panama Ports Company SA (PPC) plans to invest USD200 million expanding its container facilities at the Port of Balboa.

PPC has started construction of phase three of its Balboa Container Terminal development project which, when completed, will give the port a total annual handling capacity of more than one million TEUs. PPC did not comment on when the expansion would be completed.

A company statement said the expanded terminal would have 840 metres of quay and 15.4 hectares of container yard, with eight super post panamax quay cranes, 21 rubber-tyred gantry cranes and 864 reefer plugs.