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.