Dredging International confirms Panama Canal contract
Said the company: "Notification of the contract was given by the Autoridad del Canal de Panamá (ACP), and will secure work for the next four years. The upgrading of the Panama Canal will significantly enhance international trade and navigation (post Panamax vessels), and will include construction of two major complexes of maritime locks – the design of which was developed in the past months by Belgian engineering firms."
Thursday, April 3, 2008
Dredging International also confirmed that the contract is worth some US$177.5 million and will require the assignment of a great variety of very specialised plant: ocean-going heavy rock cutter suction dredgers, trailing hopper dredgess, large backhoe dredgers, and very advanced self-propelled pontoons for drilling and blasting.
Events like the Panamax military exercise show the commitment of the international community in assuring the operation of the Panama Canal; this is an implicit guarantee for investing in the country.
The Panama Canal Authority (ACP) completed a contract yesterday to finance the expansion of the Canal.
The government of Martín Torrijos has apparently decided to build three terminals at the port development at the Pacific entrance to the Panama Canal.
The deadline for the presentation of bids for the design of new locks on the Panama Canal has been stretched by 47 days, the canal authorities said.
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