Four port operator companies have been shortlisted during the Request for Qualifications (RFQ) for the project of the Corozal Container Terminal.

The pre-qualified bidders were:  APM Terminals B.V. (Netherlands); Terminal Link (France); PSA International Pte., Ltd (Singapore) and Terminal Investment Limited, S.A. (Netherlands). 

The project will be developed as Public Private Partnership (PPP) model which consists of design, develop, finance, construct, operate and maintain the project. The project will include the construction of a wharf, a container yard, superstructures, such as offices, warehouses, stores, sheds and other infrastructure required for the efficient operation of the port.

The new terminal will be built within a 120 hectare area that is currently owned by the Panama Canal and will be developed within the Neo Panamax vessels standards in two phases. The port will have the capacity to handle more than five million TEUs.

The deadline for the RFQ had been postponed three times since it was launched on 25 November 2015, after bidders requested more time to submit their qualification proposals. Finally, March 11, 2016, was set as the RFQ closing date. 

The Panama Canal Authority (ACP) had received documentation from other companies interested in the pre-qualification for Corozal Container Terminal. These were Mitsui O.S.K. Lines (Japan), Manzanillo International Terminal - Panama, S.A. (Panama), and Ports America Terminal Holdings II, Inc. (USA), which haven't entered into the shortlist.