The Panama Canal has published the tender documents for building and running a container terminal for the Port of Corozal on the Pacific end of the inter-oceanic waterway.
ACP, the government agency responsible for managing the Canal, has been instructed by the Canal’s Board of Directors to proceed with the bidding process for the 20-year concession.
The tender documents state the terms and requirements that eligible bidders must meet to win the contract for the planned terminal on the east bank of the Canal’s Pacific entrance.
Four companies are pre-qualified to compete for the tender – APM Terminals (of the Netherlands); Terminal Investment Limited (also of the Netherlands); Terminal Link (of France); and PSA International (of Singapore).
Those four, which were whittled down from seven in April, have until February 3, 2017 to submit their proposals.
It is envisaged that the 5.3m teu terminal will be developed in two phases and will follow green principles to be environmentally friendly with low noise and air pollution levels and with minimal impact on nearby communities.