Bidding for Panama Canal Locks will be in March

The Panama Canal Authority (ACP, by its initials in Spanish) will receive the technical and price proposals next March 3rd for the design and construction of the third set of locks.

Wednesday, February 25, 2009

Prensa publishes on its website: "It is the largest contract in the expansion program, with an estimated value of close to 60% of the $5.25 billion budgeted."

"´The best proposal will be chosen giving a weight of 55% to the technical side and 45% to the pricing,´ explained the ACP administrator, Alberto Alemán Zubieta. ´The scores of the technical proposals will be presented and the price bids will be opened in a second public ceremony.´"

More on this topic

Panama Canal Expansion to be Awarded in July

May 2009

Experts are reviewing technical aspects of the largest contract worth $5.25 billion, and contract adjudication is expected by July.

The president of the Panama Canal Authority (ACP), Alberto Alemán, made the announcement at the Reuters Investment Forum on Latin America.

"Grupo Unidos por el Canal" Will Build Locks

July 2009

The winner consortium presented a $3,1 billion offer for the design and construction of the new set of locks of Panama Canal.

After months of rigorous technical review, the Panama Canal Authority (ACP) today determined the "" proposal for the new set of locks expansion contract.

Canal Locks Contract Awarded

July 2009

The PCA announced yesterday that Consortium Grupo Unidos por el Canal will design and build the waterway's new set of locks.

The award is done after verifying the financial capability of the consortium and that its members have not broken any of the rules imposed by the Panama Canal Authority (PCA).

Offers for Set of Locks will be Revealed July 8th

July 2009

The Canal Authority will open the envelopes containing the economic proposals from the three qualified consortiums on July 8th.

All at the same time, the technical evaluations from the participating consortiums will be revealed. The consortiums are: CANAL, Bechtel Taipei and Mitsubishi, and Grupo Unidos por el Canal.

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