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Hutchison Port Holdings, China Cosco Holdings, A P Moeller-Maersk and PSA International are among six bidders for the $1-billion container terminal to be built in the Fanfan region of Panama Canal, close to its Pacific opening.

The Government of Panama hopes to earn up to $3 billion a year from the canal once the $5.25-billion expansion of the waterway is completed.

Panama Ports Company, which is 90 per cent owned by Hutchison, is the only container operator on the Pacific side of the canal and it operates Port Cristobal on the Atlantic side.

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