The planned Corozal Terminal (Source: ACP)
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The Panama Canal Authority (ACP) has issue[ds_preview]d 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, ACP says.

Upon completion, the container terminal will have the capacity to handle more than 5 mill. TEUs at the Canal’s entrance in the Pacific side. The two-phased project will include the construction of a 2,081 m dock, a container yard, offices and warehouse facilities within a 120 ha area owned by the Panama Canal.

According to ACP Corozal Container Terminal will be developed as a »green port« with environmentally-friendly standards that minimize its impact on the community and provide solutions to address transportation, noise and air pollution issues.

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 (The Netherlands)
  • PSA International (Singapore)
  • Terminal Link (France)
  • Terminal Investment Limited (The Netherlands)

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