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13 August 2020 The on-line newspaper devoted to the world of transports 07:02 GMT+2

February 11, 2020

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Yilport will build a new multipurpose terminal in Panamanian port of Puerto Armuelles

It will require an investment of 19-20 million dollars

The Panama Maritime Authority has signed a memorandum of understanding with the Turkish terminalist group Yilport for the design and construction of a new multipurpose terminal in port of Puerto Armuelles, on the pacific coast of the nation Central American. For the construction of the new terminal, to which both container ships and various goods will be able to land as well as fishing vessels and passenger ships, there is a investment of 19-20 million dollars, including the construction of a two-storey building that will house the fish market and 'I'm not going to say that I'm not going to do that,' he said. The new terminal is expected to become operational between the end of 2022 and the beginning of 2023.

The Memorandum of Understanding was signed Yilport Holding CEO Robert Yuksel Yildirim, and the AMP administrator and Minister for Business seafarers, Noriel Arama.

The Yilport Group currently operates 22 port terminals in ten nations. In Central America and Latin America, the Turkish group owns more than 50% of the Guatemalan port of Quetzal, Ecuador operates a terminal in the port of Puerto Bolivar and in Peru a terminal in the port of Paita.

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