Panama Canal cancels Corozal port tender

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Panama Canal cancels Corozal port tender

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The Panama Canal Authority (ACP) has declared the procurement of a port terminal null and void.

None of the four companies that pre-qualified for the Corozal Container Terminal PPP project presented bids.

As we reported in February 2016, ACP launched the project and in April, 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 Authority extended previous deadlines for bids twice to allow more time for bidders to participate in the tender process.

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 concession involved the design, developmet, finance, construction, operation and maintainance of a container terminal located near Corozal, in the Pacific entrance of the Panama Canal. The project entailed an overall investment of approximate US$500 million.

The project would have entailed the construction of 2,081 meters of docks and 120 hectares of storage facilities to accommodate up to five post-Panamax ships at once and handle 5.2m twenty-foot equivalent units (TEUs) per year. It also included building two 500-meter rail lines to connect the facility to the national network.

As part of the Panama Canal Diversification Strategy, the Corozal Container Terminal had the objective to 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 was going to 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.

List of country news

Country news

  • October 13, 2016

    Panama Canal Issues Request for Proposals for Corozal Container Terminal

    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. Read more
  • September 07, 2016

    Panama approves law to allow ENA sign concessions

    Panama National Assembly has approved the draft law 352, amending Law 76 of 2010 which created the Empresa Nacional de Autopistas, S.A. (ENA). Read more
  • May 27, 2016

    China's Landbridge Group to acquire Panama's largest port

    According to sources, Landbridge Group, a comprehensive enterprise specialized in infrastructure based in Rizhao, China, has recently acquired the port located on the Marguarita island in Panamá. The company has plans to upgrade and redevelop the port. Read more
  • 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

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