The Panama Canal Authority invites bids for two new terminals to enhance transshipment capacity to 6 million TEU, with a project cost of $2.6 billion.
The Panama Canal Authority has invited international operators to prequalify for developing two new container terminals at either end of the canal, reports London's S&P Global.
The projects, estimated at US$2.6 billion, will be built at Corozal on the Pacific side and Telfers Island on the Atlantic side. Prequalification documents must be submitted by April 8.
APM Terminals was among 12 operators that met with ACP officials in October to discuss the plan. Others included Cosco Shipping Ports, CMA Terminals, DP World, MOL, PSA International, SSA Marine-Grupo Carrix, Terminal Investment Limited, ONE, and Evergreen.
Several of these operators already run terminals in Panama. SSA Marine operates Manzanillo International Terminals, Evergreen runs Colon Container Terminal, and PSA operates Panama International Terminal.
The new facilities aim to raise Panama's annual transshipment capacity to between 5 million TEU and 6 million TEU, reinforcing its role as a competitive intermodal hub.
