The Port that Panama Needs

Opposition on the part of a port operator and residents in the area is preventing the development of a terminal that would speed up maritime traffic in the Panamanian Pacific and result in lower logistics costs.

Tuesday, February 20, 2018

The opposition that has been expressed by the current operator of the port of Balboa, on top of the legal actions filed by groups of residents, lawyers and environmental organizations, has prevented the ACP's project to build a port in Corozal from advancing. The tender was declared void in March of last year, after having been postponed twice.   

The logistics sector insists on the need for the project to go ahead, arguing the benefits that the existence of a new port in the Pacific would have on tariffs and costs. 

See "An Indispensable Port in Corozal"

"...A third port on the Pacific side of Panama is long awaited by industry, not only by the domestic industry, but also of the international one," said Demóstenes Pérez, president of the Logistics Business Council of Panama (COEL), a guild that brings together 17 business organizations."

Prensa.com reports that "...Representatives of exporters state that in the Atlantic sector, where there is more port competition, it is cheaper to send cargo in containers than in the Pacific, where there is practically a monopoly controlled by PPC. One of the advantages that the construction of the container port in Corozal would have, apart from being at the entrance to the Canal, is the presence of the railroad, which connects the Pacific sector with the Atlantic sector."

Although the ACP states that it will relaunch a second tender and is in dialogue with interested companies, it is still waiting for the Supreme Court of Justice to resolve nine legal appeals presented by PPC, law firms and residents. 

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More on this topic

In Favor of the Development at Corozal

November 2016

The Panamanian private sector advocates approval of the bill that would give the operator of the port at Corozal the same tax benefits as other companies.

From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP):

Obstacles to Port Project in Corozal

September 2016

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.

The Fight Over Puerto Corozal

November 2015

Companies interested in developing and operating the new Panamanian port will face stiff competition from Panama Ports Company, which has already prepared a plan and requested to receive the concession directly.

The operator of the ports of Balboa and Cristobal, which has repeatedly expressed opposition to the idea of ​​building a container terminal in Corozal, now wants to be its developer and operator, and it has now submitted a proposal to the Panama Canal Authority to receive a direct concession of the land located in the area.

Corozal: Port or Logistics Park?

November 2013

Under the logistic´s development framework discussion has arisen on the use of the lands adjacent to the terminal run by the Panama Ports Company.  

Studies by the Panama Canal Authority (ACP) confirm that in Corozal (Pacifico) "a 2000 meters port of linear dock could be built for receiving five Postpanamax ships simultaneously," reported Prensa.com.

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