The Panama Canal Board of Directors has authorized the launch of a bidding process for the development of a new pipeline for the transfer of energy products.
The new pipeline is expected to complement operations in the interoceanic waterway.
This complementary activity will be incorporated into the sustainable development of the Panama Canal’s West Bank route, which includes activities and alternatives to transporting products by sea.
The Administration submitted its request for authorization to proceed with the bidding process, supported by a private initiative proposal, which was evaluated by the Panama Canal Authority (ACP) and its external advisors to determine its viability.
Based on this proposal, the Canal will conduct a transparent bidding process that will promote the highest level of competition while seeking the participation of companies that are technically and commercially qualified to execute the development of and eventual, operation of the pipeline.
