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Corozal container terminal tender expires with no bidders

Corozal container terminal tender expires with no bidders

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The tender for a container terminal at Corozal to serve the Panama Canal has expired because no bids were received by the Panama Canal Authority (ACP).

A number of international port operators had been expected to compete for the rights to the proposed terminal on the Pacific side of the narrow Central American nation, including a 20-year concession.

A bid winner would have earned the right to design, develop, build, operate and maintain the terminal.

The concession would include the construction of a 2,081-linear-metre dock, a warehouse, a container yard and offices within a 120-hectare area.

But none of the groups pre-qualified to bid – including the Netherlands’ APM Terminals, France’s Terminal Link, Singapore’s PSA International and the Netherlands’ Terminal Investment Ltd – came forward, despite two deadline extensions for bids.

The terminal is projected to handle up to 5 million teus of container traffic, much needed since the Panama Canal Expansion project was completed in June 2016, allowing much larger container ships to traverse the inter-oceanic waterway.

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Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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