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.

Laestrella.com.pa reports that “…After prequalification, the Port of Corozal’s implementation schedule shows there will be a publication of the tender conditions, which could occur in August, preceded by a consultation period and sufficient time for interested companies to submit their respective proposals. “

Regarding the project, “… the Executive Director of the Maritime Chamber of Panama, Luciano Fernandes, said the fact that thirteen companies, representing the largest operators of port terminals and who are subsidiaries of someo the largest shipping companies in the world, have show interest in the project means that there will be a return on investment “.