In Panama, the deadline for bids in the tender for the design, construction and operation of the Container Terminal Corozal has been postponed until February 17.
The Panama Canal Authority announced that on February 1 the new deadline for submitting tender proposals is 17 February. The 14-day extension was put forward in order for there to be more time to respond to queries raised by the prequalified companies during approval meetings.
The Brazilian construction company has decided to withdraw from the process of prequalification in the tender to design and build a fourth bridge over the Panama Canal.
From a statement issued by the Presidency of Panama:
The company Odebrecht proceeded to formalize its withdrawal from the prequalification stage in the tender for the design and construction of a fourth bridge over the Panama Canal, based on a decision taken by the Cabinet Council, on December 27, 2016.
The Supreme Court has rejected the appeal over constitutional guarantees filed by Panama Ports Company against the tender process for the port.
The port company had argued on several occasions that there was no need to build the port in Corozal, for market reasons, an opinion which it began stating when the Panama Canal Authority announced the project.PPCfiled a legal action a few months after that announcement.
On November 8 Panamanian entrepreneurs will be meeting to discuss the project for the construction and concession of a port in Corozal and its impact on the economy.
From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama:
Panama, November 01, 2016. -In order to analyze the diversification of opportunities for maximum use of the expanded Canal, the Chamber of Commerce, Industries and Agriculture in Panama will be holding a national forum in connection with the proposal for a port construction in Corozal, on Tuesday, November 8, which will take place at the guild´s headquarters.
The company that obtains the concession to build and operate the terminal must ensure the movement of at least 70 thousand containers in the first year, at a rate of at least $12 per container.
Unlike other port operators in the country, the company that obtains the concession must comply with certain performance requirements and tariffs set by the Panama Canal Authority.The Request for Proposals document sets out the minimum movement of containers per year of the concession,"... starting with 70,000 a year to the seventeenth year with 490,000. This is a significant requirement when compared with other legal contracts between the state and port operators, in which there is no requirement for performance let alone a table showing movements per year."
The Ministry of Public Works has published the request for proposals for the tender of the design and construction of a fourth bridge over the Panama Canal.
The companies pre-qualified to participate in the tender are Consorcio Panama Cuarto Puente (China); Consorcio Hyundai–Sacyr (Korea / Spain); Dragados Sucursal Panama (Spain); Consorcio Astaldi-Daelim (Italy / Korea); Consorcio Cuarto Puente (China); and Consorcio CCB (Brazil), which includes the company Odebrecht.
The Panama Canal Authority has published the tender documents for the design, construction and operation of a Container Terminal in Corozal.
The companies who will be taking part in the event are PSA International Ltd, Terminal Link, Terminal Investments Limited and APM Terminals, which will have until February 3, 2017 to submit their proposals.
Eleven legal processes are hindering progress of the project that could increase the capacity of container movement in the Panamanian port system.
Panama could already have a container terminal operating on the Pacific side, but opposition from the Panama Ports Company (PPC) and others such as residents of surrounding areas has impeded progress of the project which the Panama Canal Authority has been promoting since 2014.
There has been an increases in traffic of neopanamax ships, which now produce revenues of $68 million, as well as extra maritime services that used to go through the Suez Canal.
An article on Prensa.com reports that "...During the first two months of operation of the expanded Canal 130 neopanamax ships were reported to have passed through, most of them container ships, bringing in total revenues of $68 million.Since the expanded Canal opened on June 26, business has been growing, with 2 new services coming from the Suez Canal, said the Canal Administrator Jorge Luis Quijano."
Expanding moorings in Gamboa on the Atlantic side, continuing construction of the third bridge over the canal, and building another on the mouth of the Chagres River are some of the works planned for 2017.
The Panama Canal Authority (ACP by its initials in Spanish) will have a budget of $2.8 billion to manage in 2017, and among the projects which are to be completed is finishing"... the widening of the canal at the Pacific entrance to 300 meters from the expanded Canal, continuing with the widening of the borders of the Chagres Crossing, Gamboa and Juan Grande. "
In order to take advantage of the connectivity offered by the Canal and its strategic location, the rules for logistics and port industries must be improved and modernized.
The infrastructure and technology is in place, but a better legal framework is needed in order to take advantage of the connectivity and advantages of the Canal and the location of Panama in the Latin American region.
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