Canal Works to Start in September

Before August 19, the Panama Canal Authority will order for starting construction of the third set of locks of the Panama Canal.

Thursday, August 13, 2009

7 days after the Canal Authority gives the order, the consortium "Grupo Unidos por el Canal" (GUPC), will have 1.883 days to complete the project.

"The consortium lead by Spain's Sacyr Vallehermoso presented the $450 million guarantee, a requisite for starting construction of the third set of locks of the Panama Canal, and signed the award contract for the project", reported Infolatam.com.

More on this topic

Canal Expansion: A Light At The End of The Tunnel

February 2014

The Canal Authority and the consortium have agreed to resume the works, but delivery times and other key aspects still need to be defined.

Grupo Unidos por el Canal has pledged to restart, on February 20, the construction of the Third Set of Locks. As soon as the works are restarted the ACP will remit $36.8 million related to payments billed by the consortium last December.

Works Begin at Third Set of Locks

January 2010

Consortium "Grupo Unidos por el Canal" will begin building the locks at the Atlantic side of the Panama Canal on January.

The consortium will start at the end of January in order to take advantage of the dry season.

"Personnel will be hired gradually... when the construction peaks, in mid-2011, there will be between 5.000 and 5.500 people working", reported Prensa.com.

August 25th: Key Date for the Canal

August 2009

The Panama Canal Authority ordered consortium "Grupo Unidos por el Canal" the start of construction works.

In the issued order, "GUPC is told that works must begin on August 25th, 2009. From that date on, the consortium has 1.883 days to deliver the project".

"Grupo Unidos por el Canal" is composed by Sacyr Vallehermoso S.A.

Panama Metro Project Raises Interest

July 2009

"Grupo Unidos por el Canal", the consortium in charge of building the third set of locks at the Panama Canal, would tender for the metro.

The consortium, comprising Spain's Sacyr, Italy's Impregilo, Belgium's Jan de Nul and Panama's "Constructora Urbana", would present a proposal in the next months, according to an article in Laestrella.com.pa.

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