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Panama wants canal to be more than a transit point

Markets

Friday, January 25, 2013

The Panama Canal Authority will move ahead with plans to build a large terminal in Corozal, close to the new set of Pacific locks being built as part of the canal expansion. Rodolfo Sabonge, executive vice president of planning and business development at the Panama Canal Authority (ACP), said the new terminal would be owned by ACP, which would then hire a private company to operate it. The Corozal terminal would be “so close to the locks that we really need to k...

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