Transport & Logistics

Making up 18.5% of Panama’s GDP at a value of $6.6bn in 2014, the transport, storage and communications sector has historically been a pillar of Panama’s growth. The solid performance of the transport and logistics sector, which grew more than 17% annually between 2007 and 2014, is set to continue, driven in large part by planned substantial public investment. According to the Strategic Government Plan 2015-19, investment in transport and logistics will total some $6.5bn in that period, with $3.28bn earmarked for logistics projects and $3.21bn for urban transport. The $2bn second metro line in Panama City is one of the plan’s flagship projects for the sector. Beyond the opportunities that this will generate for private players, the increased investment is expected to enable Panama to maintain regional leadership in the highly competitive sector.

This chapter contains an interview with Aitor Ibarreche, CEO, Panama Ports Company.