Panama Canal Authority is looking for bidders for the Corozal Container Terminal port in the Corozal area of the Panama Canal. The project will be developed as Public Private Partnership (PPP) model, which consists of design, develop, finance, construct, operate and maintain the project.

Request for Qualifications can be submitted till February 29, 2016 at 3:00 pm (Republic of Panama local time). You can see all the information through the following link:

http://www.pancanal.com/eng/procsales/special.html

In October, 20015 the public tender process was opened and the companies were invited to submit their Expressions of Interest.

The PPP 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 first phase will have capacity to operate and manage thee Neo Panamax ship berths, and an approximate handling capacity of three million TEUs annually.

The second phase will include 731 linear meters of docks, with an additional capacity to operate and manage two additional Neo Panamax ships and approximate handling capacity of two million TEUs annually.