Canal Receives Dredging Bids

The Panama Canal Authority will proceed to analyze technical and financial aspects of the bids.

Friday, September 11, 2009

The selection process is a 'negotiated lowest price bid', so the names and proposed amounts of the participants will remain strictly confidential.

Dredging of the Atlantic end is a key element of the Panama Canal expansion project, in order to ensure that heavy ships can reach the new set of locks.

Works include deepening the approximation riverbed to 15.5 meters below low tide level. For this, 14.8 million square meters must be dredged, in addition to the dry excavation of an extra 800.000 square meters of land.

More on this topic

Canal Locks to Come From Italy

May 2011

The Italian company Cimolai will manufacture the gates for the new Panama Canal locks.

The 16 twenty eight foot gates that make up the locks of the new Panama Canal will be built by an Italian company that was subcontracted by Grupo Unidos por el Canal, led by the Spanish company Sacyr Vallehermoso.

Bids Presented for Dredging the Panama Canal

September 2009

On Thursday the Panama Canal Authority will receive economic and technical bids for dredging the Atlantic side of the Canal.

The bidding process started on February, and comprises underwater dredging of 15 million m3 of seabed, 800.000 m3 of dry excavation and deepening to 15.5 meters the Atlantic entrance of the canal.

Canal Expansion from Within

June 2009

Over $5 billion in total investment, 12.6 million cubic meters of earth removed, 2,600 workers and the world's largest dredger.

Withstanding high temperatures and humidity, the 1,389 operators who are currently working on the expansion project are making a great effort so that the companies that got the expansion contracts can meet established deadlines.

Panama Canal: $339 million given in contracts

January 2009

As of 31 December 2008, the ACP recorded a total of $339.469 million in more than 100 contracts granted for the expansion project. reports: "The reports says that the Panamanian company, Constructora Urbana, S.A. (CUSA) has advanced 79% with the first phase of the excavation of the access passage for the Pacific locks.

 close (x)

Receive more news about Logistics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Tina McBride Yacht Services. S.A.

We are bona fide yacht agents of the Panama Canal.
Operates in Panama
Phone: (507) 6617-7889

Company Profile

Stock Indexes

(Jul 25)
Dow Jones
S&P 500


(Jul 25)
Brent Crude Oil
Coffee "C"