The Maritime Port Authority has awarded the concession for the design, construction, operation and maintenance of a port terminal in Aguadulce, Cocle Province.

The concession will be for 20 years, under the BOT format, and the multipurpose terminal covers an area for ??cargo containers, fuel storage area and silos for grain and other goods.

The Maritime Port Authority explained that “…For this type of procurement and works involving engineering and complex operations the BOT format is used (Build Operation Transfer) in which the most important and overriding parts of the evaluation are experience and the financial capacity of the companies participating in the tender. ”

“The time stipulated in the concession in the tender is 20 years; which includes a term of three years for the completion of the first phase of the work. The contractor must submit with the proposal a timeline for investment and development, which will be monitored and controlled in order to ensure the effectiveness of the contract. “