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Cruise lines to invest $30 million in Panama terminal

Friday, July 13, 2012

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