China state firms eye land around Panama Canal: waterway authority

by
March 28, 2017

China State Firms Eye Land
Chinese state firms have expressed an interest to develop land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China’s outward push into infrastructure via railways and ports around the world.

The Panama Canal Authority will officially open a tender to develop about 1,200 hectares of land – roughly the size of 1,200 football fields – around the waterway by the end of this year into a logistics park, after completing a five-year-long decontamination of the area, Chief Executive Jorge Quijano said.

“We have been talking to people here in China,” Quijano told Reuters on Monday ahead of a meeting with the canal’s advisory board in Shanghai. China Communications Construction Corp (601800.SS)(1800.HK), its subsidiary China Harbour Engineering Company and China Railway Group (601390.SS)(0390.HK) have shown interest in the project, he added.

This comes at a time when China is urging its companies to invest in infrastructure overseas as part of Beijing’s “One Belt, One Road” initiative to improve global trade links.

  • Jean Langford M.

    BAD NEWS….MORE THAN JUST PROPERTIES…THIS IS A “MILITARY TACTICAL MOVE”…..NOT GOOD.!!!!

    • Rosacbrown

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  • Rodney Steward

    Sad, we built this with OUR money and another stupid Dem. give it away, the President that is now no longer the worst President in history! Now it looks like we just may have another war on the way!!

  • justinwachin

    Considering how China works this may become a problem the United States has to deal with in the future. American lives were sacrificed to build the Panama Canal. In the future American lives may have to be sacrificed to protect it from a government that supports North Korea and that floods our country with products of questionable safety.

  • TexRancher

    Let us not forget that it was Brainiac Jimma Carter who GAVE the Panama canal away. Property that the U.S. bought and paid for from Columbia and built! Now we’ll have China on our doorstep forever!

    • Retired

      All part of the China plan to control the world , while the Democrats worry about Russia and sell the US out to China.

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