PPC´s Case Against Puerto Corozal Rejected

The Supreme Court has rejected the appeal over constitutional guarantees filed by Panama Ports Company against the tender process for the port.

Monday, November 21, 2016

The port company had argued on several occasions that there was no need to build the port in Corozal, for market reasons, an opinion which it began stating when the Panama Canal Authority announced the project. PPC filed a legal action a few months after that announcement.

The next stage of the tender process for the concession is the approval meeting, with the participation of the four pre - qualified companies, APM Terminals B.V., Terminal Link, PSA International Pte, Ltd. and Terminal Investment Limited, S.A.

Prensa.com reports that "...The prequalified companies have a period extending until February 3, 2017 to submit their economic proposals, and compete for the 20-year concession to build and operate a container port in West Corozal, within areas belonging to the Panama Canal."

More on this topic

Entrepreneurs Defend Legality of Port in Corozal

March 2017

The union of entrepreneurs, APEDE, has appealed to the Supreme Court to defend the right of the Panama Canal Authority to develop port projects.

The purpose of the action is to demonstrate the legal freedom that the Panama Canal Authority (ACP) has to develop logistics and port projects.

Corozal to Have Same Exemptions As Other Ports

May 2016

The 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.

An article on Panamaamerica.com.pa reports that "...

Panama: Prequalification of Port Corozal Postponed

February 2016

Documents for prequalification in the tender to build and design the container terminal may be submitted up until March 11 at 3:00 pm.

The Panama Canal Authority (ACP) has extended the deadline for delivery of documents to prequalify to bid for the concession to design and build a container port in Corozal until Friday 11 March 2016 at 3:00 pm.

"What You Don´t Sell Today, You Won´t Sell Tomorrow"

October 2015

The activity had gained momentum through the concession of a port in Corazal, but is losing it in the legislative halls of the National Assembly.

The old merchant´s saying is apt for illustrating the risk that Panama is taking by losing position in terms of regional competition in the logistics area.

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