DP World expands Panama container terminal
DP World is expanding its container terminal at Port of Caucedo following the expansion of the Panama Canal to accommodate larger container ships.
DP World started work to increase the depth of the quay wall in late August. The depth will be increased from 13.40m to 15.00m and the shipping channel will be deepened to 17.00m. According to the estimates DP World will increase the capacity of the port to 2.5-million TEU.
The new developments are based on the project to expand the Panama Canal, which will allow passage and operations of 13-14,000-teu container ships. These ships currently cannot call at Port of Caucedo due to its draft restriction and quay capacity.
The estimated time of completion of the expansion project is April 2016. The expansion follows a project in 2014 to increase the deoth of the shipping channel to 13.40m and the capacity of the terminal to 1.65-million-tue, but this is not enough to accommodate the new standard of container ships that are expected to use the canal.
DP World completed construction of the first warehouse complex area with 10,000 sq m within the project of creating a logistics center in the free trade zone in the port.
The new modern logistics center aims to attract international customers, who use Dominican Republic for the distribution of their products. The area of the logistics center will be 40 hectares, with backup for expansion of another 80 hectares.