Meco wins bids for Panama Canal contract
Costa Rican consortium, Meco construction company, won the third dry excavation contract for the Panama Canal expansion project.
Friday, December 19, 2008
Said consortium made the lowest offer, $36.6 million, for the public bid held on December 4, and met the requirements indicated by the Panama Canal Authority.
The consortium FCC-ICA-MECO won the second-largest contract of the Panama Canal expansion project.
Over $5 billion in total investment, 12.6 million cubic meters of earth removed, 2,600 workers and the world's largest dredger.
The PCA announced yesterday that Consortium Grupo Unidos por el Canal will design and build the waterway's new set of locks.
According to the Italian Impreglio construction company, the contract for the Panama Canal expansion could be worth $3.7 billion.
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