Photo Courtesy: REUTERS
A proposed $260 million port project in western Panama has sparked a dispute between American businessman John McKeown and billionaire investor Louis Bacon over economic development and environmental protection. The project, called Puerto Barú, is planned for the Pacific coast near David, in Chiriquí Province, an agricultural region known for producing coffee, papayas, and shrimp.
McKeown’s company, Ocean Pacific Investments, describes the proposed port as a sustainable development project that could improve trade connections with North America and Asia. The company estimates that the facility could create more than 1,100 jobs and support local businesses. The project is expected to cover approximately 124 hectares and would be the largest private investment in Chiriquí Province, according to its developer.
Bacon, who supports environmental conservation, has raised concerns about the port’s potential impact on mangrove forests and marine ecosystems. Six Panamanian environmental groups have also challenged the project, warning that dredging, pollution, and increased cargo vessel traffic could damage coastal habitats. In response, Ocean Pacific Investments maintains that environmental risks have been assessed and addressed through its review process.
The dispute has reached Panama’s Supreme Court, which is reviewing the project’s environmental approval. Legal complaints involving environmental organizations have also added to the controversy, raising concerns about the challenges faced by groups opposing major developments. The court’s decision will help determine the future of Puerto Barú and whether the project can proceed amid competing demands for economic growth and environmental protection.