The Corozal Port Project- An Update

Corozal Port. Image

Corozal Port. Image

Finally, the Corozal port project is beginning to take shape. Despite opposition has presented this work by some political representatives in the National Assembly and some port agents, the Panama Canal Authority (ACP) hopes to accelerate the process of this new port terminal in the Panamanian Pacific, which has received to date the interest of 11 port operators in the pre-qualification stage companies, which closes on 29 January. Continue reading

A Setback for the Corozal Port Project

APM-Terminals-Corozal

Image and source article thanks to La Prensa.

Many companies have been keenly interested in participating in the bidding to build and operate the port of Corozal on the Pacific side, and APM Terminals, a business unit independent of Maersk Group based in Denmark, confirmed that it expects the convening of the Panama Canal Authority (ACP) to present its proposal. APM Terminals, based in the Netherlands, is one of the leading port operators in the world with a presence in many of the port terminals of Europe.The Panama Canal administration (ACP) had announced that possibly in April it would open bidding for the Corozal port container terminal, thus becoming the third most important Panamanian port on the Pacific side. The project, however, experienced a delay when Panama’s National Assembly did not approve the bill equating tax rights of this terminal with the other operators last week. Continue reading