From a statement issued by presidency of Panama:

The Cabinet has approved a resolution authorizing Minister of the Presidency Alvaro Aleman to submit to the National Assembly a bill approving the contract A-2005-2014 of 28 October 2014, signed between the state and company Psa Panama International Terminal, SA.

This contract the State, which is the absolute and sovereign owner of the land situated at the former Rodman Naval Station on the west edge of the south entrance (Pacific) Panama Canal, adjacent to the Panama Canal, grants in concession to the company, parcels of land and its structures identified as Parcel BU03-09 (polygon 2) Plot BU03-10 (polygon 3) Plot BU03-12 (polygon 7) and Polygon BU03-11 (polygon 4) and its surfaces, measurements and boundaries.

According to the provisions of this contract, the State authorizes the company to develop, build, operate, manage and run a terminal of not less than 1,850,000 TEUs of containers, bulk and ro-ro cargo, using infrastructure facilities as may be necessary, for what will hereby be referred to as, "the container terminal."

More on this topic

Tender Announced for Port Corozal

September 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.

From a statement issued by the Panama Canal Authority:

Four Companies Shortlisted for Puerto Corozal

April 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.

From a statement issued by the Panama Canal Authority:

Panama Endorses Container Port Concession

January 2015

The National Assembly has approved a 20 year concession contract signed with PSA Panama International, to build and operate a container terminal with an investment of $350 million.

From a statement issued by the National Assembly of Panama:

Approval was given on the third reading to Bill 122, which approves a contract between the state and the company PSA Panama International Terminal, SA, for the handling and transporting of containers.

Port Expansion Approved in Panama

August 2013

The Panama Canal Authority has authorized the expansion of the Rodman Container Terminal, owned by PSA International.

According to Jorge Quijano, administrator of the Panama Canal, it is now up to the Panama Maritime Authority (AMP) to give final approval to the extension.