Zergratran SA aims to raise $75 million in funding as its initial step to build an alternative to the Panama Canal for shipping containers.
More specifically, Puerto Internacional Las Americas (PILA) is planned to be an underground tunnel that uses magnetic levitation (maglev) technology system to transfer containers in less than 30 minutes between fully automated ports on the Atlantic and Pacific coasts of Northern Colombia.
The tunnel will be about 100 miles south of the Panama Canal, transporting shipping containers between two fully automated ports on the Atlantic and Pacific Oceans using maglev within less than 30 min.
Zergratran is now building the transportation infrastructure projects starting with the transshipment facility in Colombia, hoping to chart a course to advance domestic and international green shipping via Puerto Internacional Las Americas.
PILA is a new container shipping route, just south of the Panama Canal in Northern Colombia, that connects the North Atlantic and North Pacific routes.
It aspires to be a focal point for a system-wide upgrade driven by automation, digitization, technology and sustainability principles, as well as a distribution center for goods to and from South America and the first world ports offering bio fuels only.
