Railway Also Awaiting a Port in Corozal

Panama Canal Railway Company plans to invest $75 million once the concession of the port is approved, which is still waiting for legislation to grant the concessionaire the same tax benefits that other port operators receive.

Monday, October 19, 2015

An article on Thebulletinpanama.com reports that the operator of the Interoceanic train (PCRC) "... invested about $80 million in renovation and modernization in order to make initial annual capacity 400,000 containers. Since then the consortium made up of the US companies Kansas City Southern and Mi-Jack Products, has invested $100 million in improvements, equipment and expansion works. "

These investments by PCRC are another sign of the interest that exists in the logistics community in the port of Corozal coming to fruition.

"... the administrator of the ACP is waiting for the National Assembly to approve a bill to extend the port of Corozal the same tax incentives that apply to other transshipment ports in Panama, before starting the prequalification and bidding processes. "



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):

Tender Awaited for Port Corozal

April 2015

Although it had been announced for April, the tender to build and operate the port could be delayed again because the Assembly did not approve a bill which gives tax breaks to the contractor.

Currently there are several companies that are waiting for the terms and conditions of the tender process, and the final resolution of the National Assembly on "...

Interest in Guatemalan Railways

September 2012

Investors from Brazil, South Korea and Taiwan have expressed interest in a project to rebuild the country's rail system.

"We've had people interested in restoring the railroad, although we have not defined what the appropriate channel would be, whether it would be a tender or a public-private partnership", said Juan Carlos Paiz, presidential commissioner for competitiveness.

Honduras: British Firm to Conduct Study on Inter-Oceanic Railway

May 2011

The consortium K Group Inc. will conduct a feasibility study in Honduras for the construction of a railway connecting the Pacific and Atlantic oceans.

The railway line would link the provinces of Colón (on the Caribbean coast) and Valle (in the Pacific Coast). The project would facilitate trade between the Port of Castilla (on the Caribbean [Atlantic Ocean]) and Amapala (on the Pacific Ocean).

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Atlantic Pacific Equipment Services

Atlantic Pacific Equipment Services, is the new and only distribuitor of the complete line of TEREX CRANES for Central America. We are part of the LANCO Group and manufacturers of the MI-JACK RTG.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
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