The Panama Canal Authority (ACP) issued on Wednesday a Request for Qualifications (RFQ) for companies interested in competing to design, develop, finance, construct, operate and maintain the Corozal Container Terminal on Wednesday.
The Corozal Container Terminal will be located at the Pacific entrance of the waterway, and is intended to be a common user container transshipment terminal which will distribute cargo to the region, including the West Coast of South America, Central America and the Caribbean.
According to ACP, the terminal will provide services to reposition empty containers and handle local cargo, and is the first of several planned projects to enhance the country’s logistics capacity.
The decision by the ACP Board of Directors to authorize the RFQ follows the news this month when 13 of the world’s largest port operators formally expressed an interest to develop and operate the Corozal Port.
“What we’ve seen confirms the strong demand existing for the Canal and the need for greater port capacity on its Pacific side,” said Panama Canal Administrator Jorge L. Quijano.
Among the project’s requirements is the need to develop a “green” terminal to limit impact on the environment. ACP added that the planned terminal would feature anti-noise perimeter walls and electrical devices producing zero carbon emissions, along with a number of other elements recommended by a recent Environmental Impact Study (EIS).
The final decision to develop the container terminal was made based on more than two years of studies and simulations to ensure the project’s financial and operational viability.
Simulations conducted under the supervision of independent national, foreign and Panama Canal pilots confirmed that the terminal site will be suitable for the safe maneuvering of Neo Panamax vessels. And simulations conducted in the Canal’s access channel proved that traffic could be maintained while port operations took place, ACP said.
The companies interested in the bidding process are: Dutch Terminal Investment Limited SA, Germany’s EUROGATE Container Terminal Wilhelmshaven, Carrix, Inc. and affiliates from Manzanillo, USA, Hyundai Engineering & Construction Co. from Korea, APM Terminals, Ports America, CMA-CGM Group, Taiwan’s Evergreen International Corp., China Shipping Ports Development Co. Ltd. and China Harbour Engineering Co. Ltd., Hamburger Hafen und Logistik AG and Panama Ports Company from China.