Panama Canal Authority to relaunch Corozal project in 2020

The Panama Canal Authority (ACP) is planning to relaunch the concession process to build and operate a new container terminal at Corozal on the Pacific side of the canal in 2020.

Following a market study, the ACP is opting for a smaller scale project featuring one fewer berth in the first phase in an effort to reduce the risk to interested parties.

Bidders will be responsible for building and operating the two berth positions and the project will initially hold an annual capacity of 1.5-1.7m teu.