Notarc Management Group, a Latin America–focused private investment and asset management firm, which launched its Panama Development Fund (PDF) in 2021 and has led significant investments across the Caribbean and Latin America over several decades, has announced the acquisition and finalization of plans for the completion of the Panama Canal Container Port, a $1.4 billion modern port facility.
The project is already 40 percent completed and is slated to resume construction by fourth quarter 2022. NMG is partnering with Terminal Investment Ltd., an affiliate of Mediterranean Shipping Co., today the largest shipping line in the world, and also will undertake management and oversee operations of the modernized transshipment facility that is expected to handle 2.5 million TEUs in its initial years and grow to a capacity of 5 million TEUs.
"Notarc Management Group's core mission is to align with strategic capital partners, investors and leading multinational firms in supp