Corozal Key Part of ACP Strategic Plan

The waterway authority is expecting to undertake over US$8bn in investments across multiple projects, including the Río Indio Reservoir, an Interoceanic Energy Corridor, and the Corozal Container Terminal.

ACP is targeting these initiatives to transform Panama into a fully integrated logistics and energy hub as part of enhancing the Canal’s global competitiveness and expanding its role beyond traditional vessel transits.

One aspect of the plan is not new, with the Corozal project being revived. In 2016, ACP published a tender to develop a 5.3 million TEU container facility near Panama City at the Pacific Ocean end of the Canal and although four interested parties prequalified, no official bid was ultimately received by ACP.

By the end of October 2025, seven different organisations have prequalified for the construction of this new facility, namely a Dragados-Sacyr consortium, China Railway Construction Corp, Van Oord, Jan de Nul, CHEC, Hyundai Engineering and Construction and Acciona-Deme Consortium, Dragados-Sacyr consortium, China Railway Construction Corp, Van Oord, Jan de Nul, CHEC, Hyundai Engineering and Construction and Acciona-Deme Consortium. Both APM Terminals and CMA CGM Group have reportedly expressed an interest in the project.

The initial infrastructure comprises two new 1730m terminals and a 4-km breakwater. ACP has confirmed that formal bids are expected in January 2026, with the contract to be awarded in March 2026. The first 836m berth could potentially come online in 2036.