Major cruise operators have informed the Panama government of their interest in investing $30 million to build a cruise terminal on the Amador Causeway.
The contract would be awarded for a period of 20 years, renewable for another 20 years, and would be be built on the Amador Causeway, near the Balboa Yacht Club reports Central American Data
The government would use a scheme similar to that used in 1997 when they leased out the port of Colon 2000, and agreed to a payment for a turnkey project, plus a monthly fee per square meter", said La Prensa
Representatives from the Authority indicated that they are defining the tender conditions for the start of a negotiation process.
Royal Caribbean, Carnival, Holland America and Princess are among the companies involved.
The location of the terminal is near Balboa storage tanks, which has caught the attention of representatives from several cruise companies.
Shipping companies have visited the site in order to make technical recommendations regarding the specifications of the tender being prepared by the Panama Maritime Authority.
The project proposed by the government has raised expectations in the industry, considering the success of the cruise terminal in Colon.