CK Hutchison, a Hong-Kong-based company, has stated that it has invested $1.7 billion in two ports located near the Panama Canal, more than what was required under its contract.
The company released this statement on April 9, 2025, while the Panamanian government continues to audit the deal.
Panama Ports Company (PPC), which operates the Balboa and Cristobal ports, is 90% owned by CK Hutchison.
The company’s 25-year operating license for these ports was renewed in 2021. However, the Panamanian authorities began a detailed audit of the agreement in January this year.
The Comptroller General of Panama, Anel Flores, recently reported that the ongoing audit found Panama may have missed out on approximately $1.3 billion in revenue.
This was attributed to the tax reliefs and other benefits given to CK Hutchison under the terms of the concession.
Despite the concerns, CK Hutchison has stated there has been no wrongdoing from its side. Rather, the
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