China’s COSCO State Transport Company is looking for at least 20 % of shares in a $ 2.3 billion port development project on the Panama Channel.
According to Reuters, the investment is associated with a program by a local Panama company, which aims to build Port facilities In both Atlantic Ocean Vat Oceania Channel sides.
Reports. The project includes A Roro TerminalWith Container shipping infrastructureVat Procurement ServicesHuman
Read: Panama Registrar Strengthens Transportation over “Dark Fleet” concerns
The Panama Maritime Department is said to have approved the project, waiting for the government’s final review.
Reuters revealed that a COSCO representative told Financial Times (FT) that the company is still evaluating the opportunity.
This progress is among the increase in US investigations into Chinese involvement in critical infrastructure on the American continent.
In April, COSCO’s shipment rejected US claims of abuse in China’s shipbuilding and logistics sectors, as well as measures to limit China’s influence in the industry.
About the Author
