Cruise lines to invest $30 million in Panama terminal
Royal Caribbean along with Carnival, Holland America and Princess cruises have informed the government of Panama that they want to invest $30 million to build a new cruise terminal on the Amador Causeway.
The proposal would be awarded for a period of 20 years, with the option to renew for another 20 years and would be built near the Balboa Yacht Club and storage tanks.
Panama would use a plan similar to that used in 1997 when they leased the port of Colon in 2000.
Source: Royal Caribbean blog