Corozal to Have Same Exemptions As Other PortsThe Varela administration will be submitting a bill so that the company that wins the concession for the construction and operation of the port in Corozal can enjoy the same tax benefits as other port companies in Panama.Wednesday, May 4, 2016
An article on Panamaamerica.com.pa reports that "... According to the administrator of the Panama Canal, Jorge Quijano, the National Assembly could be presented with the proposal in July, in an effort to provide the same incentives that ports enjoy today, to the company which wins the tender to build the port of Corozal. " Source: Panamaamerica.com.pa ¿Busca soluciones de inteligencia comercial para su empresa?PPC´s Case Against Puerto Corozal RejectedNovember 2016 The Supreme Court has rejected the appeal over constitutional guarantees filed by Panama Ports Company against the tender process for the port. Tender Announced for Port CorozalSeptember 2016 The ACP has approved the documents to tender in ten days a concession to one of the prequalified companies; PSA International Ltd, Terminal Link, Terminal Investments Limited and APM Terminals. Four Companies Shortlisted for Puerto CorozalApril 2016 APM Terminals BV, Terminal Link, PSA International Pte., Ltd. and Terminal Investment Limited, S.A. are the four port operators shortlisted to participate in the construction and operation of a container transshipment port in Corozal. Tax Exemptions for Port of Corozal OesteJanuary 2015 A bill has been presented that would grant the company obtaining the concession to build and operate the container port in Corozal Oeste the same tax benefits as other port operators in Panama.
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