Panama: Expansion of Port Terminal in Colon

The proposal is to extend by 20 years the concession of the container terminal at Puerto Coco Solo to Colon Container Company, which plans to invest $90 million in its expansion.

Thursday, January 19, 2017

From a statement issued by the Presidency of Panama:

A bill, which seeks to grant an extension for 20 years to the contract for the development of Container Terminal in the Port of Coco Solo Norte, province of Colon, was presented today by the Minister of the Presidency, Alvaro Alemán to the National Assembly.

In its submission, the Minister Alemán said in 1996 approval was given to the Contract for the Development, Construction, Operation, Administration and Management of the Container Terminal at the Port of Coco Solo Norte, Colon Province, signed between the State and the company Colón Container Terminal S.A.for a period of twenty (20) years.



More on this topic

Expansion of Colon Free Zone

April 2017

The purpose of the multimodal logistics center now under construction is to connect the primary customs zone with the Colon area under the same tax regime, and the commercial areas of Coco Solo and Coco Solito.

The construction, being carried out by Constructora Urbana (Cusa SA) must be completed in 18 months. The project consists of building the entrance and exit building to the multimodal logistics center on Randolph Avenue, and the objective is to unify the primary customs zone with the area of Colon under the same tax regime as the expansion areas developed over the last 20 years in Coco Solo and Coco Solito.

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:

Puerto La Union: White Elephant Sits Waiting

May 2015

Now May 28th is the "confirmed" date for the submission of bids in the tender for the Central American Port of La Union.

According to the Executive Port Commission (CEPA), resolutions have been given to 63 queries put forward by four companies which have pre-qualified to participate in the tender, and because of this there will be no further changes to the date for receiving bids.

Colon Container Terminal expands

February 2009

The company paid the Panama Maritime Authority $11.3 million in advance for the right to use 12.3 hectares at Coco Solo.

Wilfredo Jordan reports in a note published on Prensa.com that "On the new plot of land, the company will carry out investments worth $200 million."

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