The Astilleros Puerto Balboa SA (Astibal) consortium was awarded the concession contract for the operation of the Balboa shipyard, with an offer of US$14.4 million. The concession period will be 20 years.
The consortium is of the Spanish group Astilleros Canarios SA (Astican) and will be responsible for the rehabilitation, development and administration of the Balboa shipyard. Astiban was the only bidder in the tender for the shipyard, located at the Pacific entrance of the Panama Canal.
The Balboa shipyard is the only one in the region that has three dry docks, one of them with a capacity for Panamax vessels. The consortium plans to invest up to US$20 million for the restoration and will generate around 4,000 direct and indirect jobs.
Country updates
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June 10, 2020
RFEOI launched seeking legal consultant to structure transport sector PPP in Panama
The World Bank Group has launched a request for expression interest (RFEOI) seeking to select a legal consultant to support the public-private partnership transaction advisory services unit of the Int...
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September 26, 2019
Green light for public-private partnerships in Panama
President of Panama has approved the law that creates the Public-Private Partnership regime in Panama. According to the law, the companies that delinquent in paying fines for breach of contracts will...
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January 22, 2018
The Ministry of Health of Panama selected Aqualias proposal for the development of the wastewater treatment project together with the Guaymas desalination plant in Mexico
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June 18, 2017
Panama Canal Authority plans to re-launch the project
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March 09, 2017
Panama Canal cancels Corozal port tender
The Panama Canal Authority (ACP) has declared the procurement of a port terminal null and void.
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