Executive Briefings

Panama Canal's Corozal Terminal Moves Forward

The Panama Canal Authority (ACP) has issued a request for proposals to the four pre-qualified port operators selected to compete for the concession to design, develop, finance, construct, operate and maintain a container terminal located near Corozal, in the Pacific entrance of the Panama Canal.

The terminal is 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, according to ACP. The goal is to further position Panama as a logistics hub for the Americas.

Upon completion, the container terminal will have the capacity to handle more than five million TEUs at the Canal’s entrance in the Pacific side. The two-phased project will 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.

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The terminal is 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, according to ACP. The goal is to further position Panama as a logistics hub for the Americas.

Upon completion, the container terminal will have the capacity to handle more than five million TEUs at the Canal’s entrance in the Pacific side. The two-phased project will 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.

Read Full Article