Expand regional economic opportunities by providing modern port facilities, promoting trade, and supporting industrial development.
Port Panama City is both a landlord and an operating port, administered by the Panama City Port Authority, an agency of the City of Panama City. The Port Authority consists of five board members appointed by the Panama City Commission for four–year terms. According to the stipulations of the Port Authority’s enabling legislation, property owned or subsequently acquired by the Port Authority is held for the benefit of the City, and the Port Authority can own, acquire, or lease property only within City limits or within 10 miles of those limits.
In addition to its powers to own and acquire property by purchase, lease, eminent domain, gift, or transfer, the Port Authority is empowered to: