The Panama Canal Authority will open a tender in early 2026 for two new ports, aiming to boost cargo handling, storage, and gas transport as part of an $8.5 billion expansion strategy.
The Panama Canal Authority (ACP) is preparing to launch a tender in early 2026 for the construction and operation of two new ports within its zone, according to a source close to the project.
Part of a wider expansion strategy, the initiative aims to enhance cargo-handling capacity—covering transshipment, storage, and gas transport—and secure additional water resources for canal operations.
ACP Administrator Ricaurte Vásquez said Thursday there is “strong demand for port and terminal facilities,” though no further details were provided. Officials have previously indicated an investment of about $8.5 billion over the next five years to upgrade infrastructure.
Key projects include a proposed Indio River dam, now facing a Supreme Court challenge from local communities, and a planned tender for a liquefied petroleum gas pipeline that could also be issued in 2026.
The move comes amid heightened geopolitical attention and domestic port sector reforms, including Panama’s decision to end a concession held by Hong Kong-based CK Hutchison for two ports outside the canal zone. The company is in talks to sell its global port assets, including the Panama facilities, for $22.8 billion to a BlackRock- and MSC-led consortium.
Source: Reuters(Single-source: verified)