No Bids for Corozal Container Terminal

The deadline for submitting proposals for the 20-year concession to design, develop, finance, construct, operate and maintain a container terminal located near Corozal, Panama, has expired with no bids received.

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); and Terminal Investment Limited (The Netherlands).

The deadline has been extended twice.

The terminal had been expected 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 goal was to further position Panama as a logistics hub for the Americas.

The container terminal would have had the capacity to handle more than five million TEUs and would 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.

Corozal Container Terminal would also have been 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.

More information about the request for proposal is available here.