Panama’s maritime port plan promotes regional integration
Panama’s Maritime Authority presented the Maritime Port Development Plan 2040, a document prepared with technical cooperation from CAF
The Strategic Maritime Port Development Plan of the Republic of Panama, Vision 2040 is a document that outlines the roadmap for Panama’s maritime and port sector. The initiative is led by Panama’s Maritime Authority (AMP) aimed at consolidating the country as a world-class logistics hub, a leader in freight traffic and the provision of value-added logistics services.
The estimated investment for the implementation of the strategy by 2040 is USD 270 billion, distributed in 26 port hubs throughout the country and including areas such as Vacamonte, Aguadulce, Puerto Armuelles, Pedregal, Puerto Obaldía, among others.
Vision 2040 Strategic Axes
In addition, the 20-year plan outlines AMP’s action along four strategic axes: (1) management of the maritime port sector; (2) efficient management of its assets; (3) facilitation of Panama’s productive, industrial and logistical development, and (4) facilitating social well-being and environmental protection.
The four axes mentioned above break down into 24 objectives and 178 actions, which were defined after nine months of consultations with the main stakeholders in Panama’s maritime and port sector. Public and private agencies worked together to identify weak areas, and meeting market and user needs and demands.
Guimara Tuñón, Director General of Ports and Auxiliary Maritime Industries at AMP, noted that this document outlines the port management model that consolidates Panama in the coming years as a global hub, and integrates logistics development with the nation’s comprehensive growth.
During the launch ceremony Fausto Arroyo, chief executive of the Directorate of Analysis and Technical Infrastructure Assessment at CAF commented: “We congratulate Panama’s Maritime Authority on the development and dissemination of this Strategic Plan. CAF’s action in the maritime sector of the region identifies Panama as a key hub with a decisive role in the productivity and efficiency of the regional maritime transport system. Therefore, we confirm our commitment to Panama and the AMP in this exercise, which boosts national productivity, with a vision that strengthens maritime, port and logistic competitiveness at local and regional level.
CAF—development bank of Latin America—provided advice, financing and technical management for the development of the Strategic Maritime Port Development Plan of the Republic of Panama, Vision 2040, which is part of CAF’s commitment since 2014, and which includes proposals that improve Panama’s logistics performance with the definition of the nation’s Logistics Profile and its roadmap as part of Latin America’s logistics vision. This action consolidates CAF’s leadership in Latin America’s port sector with a wide-ranging offering that encompasses port support, governance programs and infrastructure planning and investment in Latin American countries.
CAF's more recent content
CAF, ECLAC, IDB and PAHO Promote Sustainable Development in the G20
The Regional Organizations of the Americas congratulate Brazil on its successful G20 Presidency, highlighting its leadership on key issues such as poverty, governance, and climate change. They also reaffirm their commitment to actions that promote equity and development in the region.
Urgent Call for Action to Safeguard Caribbean SIDS at CAF Symposium
As the global community grapples with the escalating climate crisis, Caribbean Small Island Developing States (SIDS) are running out of time to secure critical investments and support needed to strengthen their economies and protect vulnerable communities from the intensifying impacts of climate change. With the window to take decisive action rapidly shrinking, CAF - Development Bank of Latin America and the Caribbean, in partnership with the Commonwealth Secretariat and the Antigua and Barbuda High Commission, brought together key stakeholders for a symposium in London to address the critical vulnerabilities Caribbean SIDS face.