PSA International

Panama Canal Authority Accelerates $8.5B Modernization with New Port Terminals and Infrastructure Projects

The Panama Canal Authority has launched the first chapter in its 10-year, $8.5 billion modernization drive by kicking off consultations for the two transshipment terminals and gas pipeline project. Details were revealed by Administrator Ricaurte Vasquez Morales at the Houston International Maritime Conference. Prequalification rounds for both projects will be held in 2026, while concessions will be finalized two years later in 2027.