The Central American Bank for Economic Integration approved a $21.4 million extension for the financing of the "Project to Improve the Technical and Operational Capabilities of Puerto Corinto."
This extension brings the total amount guaranteed to $184.6 million, making it the largest investment in the country's port sector in recent decades, informed the Central American Bank for Economic Integration (CABEI).
Refinadora Costarricense de Petroleo S.A. tenders the design and construction of the Pacific Terminal for ship reception and storage at the Barranca Terminal.
Costa Rican Government Purchase 2021LN-000003-0016700102:
"In general terms the work to be developed by the contractor, under the modality Engineering, Procurement and Construction -IPC-, lump sum or lump sum consists of:
President Varela has vetoed the bill that repealed the concession contract to build and operate a container terminal in Rodman, which had been awarded to PSA Panama International Terminal.
The bill approved by the National Assembly in mid-April contained an article that repealed the concession contract with PSA Panama International Terminal,approved more than three years ago. At the time, the decision of the deputies was strongly criticized by the Panamanian business sector, which described it as athreat to legal security.
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):
Panama, November 8, 2016.The Chamber of Commerce, Industries and Agriculture in Panama (CCIAP) developed the first national forum ahead of the proposed construction of the port in Corozal -on the Pacific side of the water-way- with a view to exploring diversification of opportunities for new business in order to make maximum use of the expanded Canal.
Panama risks losing out to regional competition in the logistics area if the project to develop a cargo port in the area of Corozal continues to be hindered.
From a statement issued by the Chamber of Commerce, Industries and Agriculture (CCIAP):
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:
The Board of Directors of the Panama Canal Authority (ACP) approved the request for proposal documents and authorized the admininstrators to continue with the approval process, prior to tendering the concession of the Port of Corozal with the shortlisted companies.
Expanding moorings in Gamboa on the Atlantic side, continuing construction of the third bridge over the canal, and building another on the mouth of the Chagres River are some of the works planned for 2017.
The Panama Canal Authority (ACP by its initials in Spanish) will have a budget of $2.8 billion to manage in 2017, and among the projects which are to be completed is finishing"...
It has been announced that construction will soon start on the next container port concessioned to Panama Colon Container Port, a work which will need an investment of $900 million.
An article on Nacion.com reports that "... According to the company, the facilities will include a container yard with a capacity to handle up to 2.5 million TEUs per year, with 4 docks that will take up 1,200 meters of water front and it will be the first with the ability to accommodate Neo Panamax vessels."
The Inter-American Development Bank has announced that it will provide a loan of $20 million to fund feasibility studies for a port in the Caribbean.
The funds provided by the entity will be used for studies needed to determine the characteristics of the area, the exact location and cost of building the infrastructure, as well as any possible environmental impact on the coast of Bluefields.
The Panama Canal Authority plans to publish conditions for the tender in August, after participants have completed a pre qualification process and consultation period.
Today March 11th is the date of receipt of proposals from companies interested in the construction and concession of the port. In November , the ACP announced that eleven companies had expressed interest in the project. Now it is hoped there will be at least four proposals so that there is an adequate level of competition with which to proceed with the tender.
It is not only the port of Corozal which needs immediate promotion, there is also an urgent need to keep building port infrastructure in order to take advantage of the Canal expansion.
EDITORIAL
The opinion of entrepreneurs in the logistics sector is unanimous: the forthcoming opening of the new and expanded Panama Canal locks should be the starting point for consolidating Panama as a major logistics hub for the hemisphere.
PSA Panama plans to invest $450 million in the expansion, starting in 2017 with the construction of 800 meters of additional quays and the installation of eight gantry cranes and 12 RTG cranes.
From the press release by Global PSA:
With the beginning of the quay and dredging works, a major step forward has been taken to transform PSA Panama International Terminal into a 2 million-TEU (20-foot equivalent units) facility.
The Panama Canal Authority expects to start in February the construction of a specialized Roll On-Roll Off cargo terminal in the Pacific, next to the planned container port in Corozal.
The purpose of a specialized rolling cargo terminal is to turn the area where it will be built into a center for redistribution of vehicles, machinery and heavy equipment to serve the local market and other Latin American countries.
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.
With the plans to build a highway between the Pacific and the Caribbean coast in mind, a proposal has been made to build a port in Bluefields, instead of the one planned in Monkey Point.
The Nicaraguan government announced that it has asked Taiwan to collaborate in order to finalize the project, and that the decision to change the location responds to the new road that will connect the Pacific and the Caribbean, precisely with the city of Bluefields.