Business & Commerce

Canal Expansion Worth $3.7 Billion

Topics::

Impregilo SpA, Jan de Nul, Sacyr Vallehermoso SA, Consorcio C.A.N.A.L., ACS SA, Acciona SA, Hochtief AG, Bechtel Taipei Mitsubishi, Constructora Urbana S.A., Panama Canal, Widening of the Panama Canal, Logistics, Infrastructure and Construction, Infraestructure & Construction, Panama

©image: pancanal.com

Source: reuters.com
Tuesday, April 21, 2009

According to the Italian Impreglio construction company, the contract for the Panama Canal expansion could be worth $3.7 billion.
Impregilo belongs to one of three consortiums pre-selected to expand the Panama Canal. Its other partners are the Spanish Company Sacyr Vallehermoso SA, the Portuguese Company Somague, the Belgian Company Jan de Nul and the Panamanian Company Cusa. The Italians have a 37% participation.

According to a report by Reuters, the other participants in the bid are the C.A.N.A.L Consortium, which is made up of the Spanish Companies ACS SA and Acciona SA, the German Company Hochtief AG and a Japanese-American Consortium led by Bechtel.

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