Name of the Project
Corozal container terminal project.
Location
The project is located near Corozal, in the Pacific entrance of the Panama Canal.
Client
Panama Canal Authority (ACP).
Project Description
The project entails the construction of a container terminal with the capacity to handle more than five-million twenty-foot equivalent units at the Panama canal’s entrance on the Pacific side. The two-phased project will include the construction of a 2 081-linear-metre-dock, a container yard, offices and warehouse facilities within a 120 ha area owned by the Panama Canal.
The container terminal will be developed as a “green port”, with environment-friendly standards that minimise its impact on the community and provide solutions to address transportation, noise and air pollution issues.
Jobs to be Created
Not stated.
Value
Not stated.
Duration
Not stated.
Latest Developments
The ACP has issued a request for proposals to the four prequalified port operators selected to compete for the concession to design, develop, finance, build, operate and maintain a container terminal at Corozal.
The Panama Canal received interest from a number of international companies in 2015 to compete for the project. In April, the names of the four prequalified companies able to bid were announced – APM Terminals (the Netherlands),
PSA International (Singapore), Terminal Link (France), and Terminal Investment (the Netherlands).
The four port operators have until February 3, 2017, to submit the required specifications and economic proposals for the 20-year concession.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
ACP, email PanamaCanalMedia@edelman.com.