Panama Canal Authority concludes pre-qualification for Corozal and Telfers port terminals

The Panama Canal Authority (ACP) has completed the pre-qualification document submission phase for companies vying to develop the Corozal and Telfers container transshipment terminals. This marks a significant step in the selection process for future concessionaires.

Companies interested in the project submitted their documentation, which will now undergo rigorous evaluation based on technical, financial, and legal criteria outlined in the pre-qualification documents and subsequent amendments. Following this assessment, the ACP will publish a list of pre-qualified firms. These companies will then proceed to the next stage, which involves direct interaction and dialogue with the ACP.

The Corozal and Telfers project involves the development of two major transshipment terminals, one located on the Atlantic side and the other on the Pacific side of the Panama Canal. The estimated investment for this ambitious undertaking is $2.6 billion, with an approximate construction period of three years. The project is expected to significantly boost Panama's national container transshipment capacity by an additional 5 to 6 million TEUs annually, thereby enhancing the competitiveness of the Panamanian port system centered around the Canal.

This pre-qualification process, which began on January 30, 2026, included a period for consultations, the issuance of three amendments, and concluded with the submission of documents. The ACP adheres to its established regulations for concessions throughout this procedure. The initiative underscores Panama's commitment to strengthening its position as a global logistics hub.