Panama Canal Issues Request for Proposals for Corozal Container Terminal

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Panama Canal Issues Request for Proposals for Corozal Container Terminal

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The Panama Canal Authority (ACP) has issued a Request For Proposals (RFP) to the four pre-qualified port operators selected to compete for the concession to design, develop, finance, construct, operate and maintain a container terminal located near Corozal, in the Pacific entrance of the Panama Canal.

As part of the Panama Canal Diversification Strategy, the Corozal Container Terminal will play an important role in providing additional port capacity on the Pacific side of Panama in order to support the transshipment needs of the larger vessels going through the Expanded Panama Canal. The project will add to the waterway's already robust set of offerings for the maritime industry and further position Panama as the logistics hub of the Americas.

Upon completion, the container terminal will have the capacity to handle more than five million TEUs at the Canal's entrance in the Pacific side. The two-phased project will include the construction of a 2,081-linear-meter-dock, a container yard, offices and warehouse facilities within a 120-hectare area owned by the Panama Canal.

Last year, the Panama Canal received interest from a number of international companies to compete for the project, and in April 2016, the names of the four pre-qualified companies able to bid were announced: APM Terminals B.V. (The Netherlands); PSA International Pte., Ltd. (Singapore), Terminal Link (France); and Terminal Investment Limited, S.A. (The Netherlands).

The ACP had received documentation from other companies interested in the pre-qualification for the project. 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.

The four port operators have until February 3, 2017 to submit the required specifications and economic proposals for the 20-year concession. 

The RFP can be found on the Canal's official website.

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  • May 05, 2016

    Four bidders pre-qualified for Panama canal´s Corozal port

    Four port operator companies have been shortlisted during the Request for Qualifications (RFQ) for the project of the Corozal Container Terminal. Read more
  • March 23, 2016

    Panama Canal Authority to issue RFP for container terminal in August

    The deadline had been postponed three times since the RFQ was launched on 25 November 2015, after bidders requested more time to submit their qualification proposals. Read more
  • February 17, 2016

    Panama Canal seeks bidders for container terminal on PPP

    Panama Canal Authority is looking for bidders for the Corozal Container Terminal port in the Corozal area of the Panama Canal. Read more

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