Dutch Businesses Interested in the Panama Canal

Businesses of the maritime sector explore possibilities to participate in the expansion project at the Canal.

Friday, February 13, 2009

Prensa.com reports: "´The majority of these businesses are interested in being informed about the project and they might be able to offer services such as contractors to the consortium that wins the contract for the design and construction of the third set of locks, for which the bidding will take place on March 3,´ said Matthijs Van Bozel, Ambassador of the Kingdom of the Netherlands, which has its headquarters in Costa Rica."

More on this topic

Canal Locks Construction at 10%

February 2011

The construction of the new set of locks is 10% completed.

The announcement was made by Antonio Zaffaroni, director of United Group Channel Consortium, the project developer.

"We are placing the concrete which will remain at the foundations of the locks in the Pacific and Atlantic," the executive told Prensa.com.

$300 Million from the World Bank for Panama Canal widening

November 2008

The World Bank announced that it will provide a loan of $300 million to Panama to finance the project for the widening of the Canal.

The loan will be channel through the International Finance Corporation (IFC), which Bank uses to provide loans to the private sector, and will be administered by the Panama Canal Authority (ACP), an autonomous Government entity which is responsible for the administration, operation and maintenance of the Canal.

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).

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.

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