The Panama Canal had received interest from a number of international companies to compete for the project, which was launched in December 2015 (link opens in new tab).
The request for proposals (RFP) is for a concession to design, develop, finance, construct, operate and maintain the container terminal located near Corozal, at the Pacific entrance of the Panama Canal. The four operators are APM Terminals (The Netherlands); PSA International (Singapore), Terminal Link (France); and Terminal Investment Limited (The Netherlands).
The four port operators have until 3 February 2017 to submit the specifications and economic proposals for the 20-year concession.
The terminal will support the shipping needs of the larger vessels going through the expanded canal. Upon completion, it will have the capacity to handle more than five million TEUs. The two-phased project will include the construction of a 2,081-linear-meter-dock, a container yard, offices and warehouse facilities within a 120ha area owned by the Panama Canal.