12 companies seek Balboa shipyard concession

Twelve companies, national and foreign, toured the Balboa shipyard facilities,  on Friday, March 19 as part of the bidding process for the 20-year concession with a reference price of $18 million.

 The Panama Maritime Authority (AMP)reported that companies from Spain and other European countries attended. The entity highlighted the importance of the shipyard by having the capacity to serve panamax vessels in one of its docks, which is why it is considered a very important asset for the auxiliary maritime industry.

The administrator of the AMP, Noriel Araúz pointed out that with the complete reactivation of the Balboa shipyard, it is expected to generate more than a thousand direct jobs and more than five thousand indirect jobs, at this time that the measures adopted by the pandemic have affected the economy.

The homologation meeting is scheduled for April 5 at the AMP and the submission of proposals for May 18.