Panama Canal Expansion to be Awarded in July

Experts are reviewing technical aspects of the largest contract worth $5.25 billion, and contract adjudication is expected by July.

Wednesday, May 6, 2009

The president of the Panama Canal Authority (ACP), Alberto Alemán, made the announcement at the Reuters Investment Forum on Latin America.

La Prensa reported on its website: "The Authority has previously delayed awarding the contract, but Alemán insisted that this would not affect plans to complete expansion by 2014."

More on this topic

Canal Expansion Delayed 7 months

March 2012

Work began seven months later than stipulated due to the quality of the cement which was originally intended to be used, but the contracted company tries to meet the deadline of October 2014.

The administrator of the Panama Canal Alberto Alemán Zubieta, admitted that the work of expanding the waterway should have begun in January 2011 but didn’t start until July last year due to problems with the standard of the cement brought by the contractee the first time.

Panama Canal Expansion: 70% of Contracts Already Awarded

October 2009

Up to September, the Panama Canal Authority had awarded contracts for $3.674 million, 70% of the total cost of the project.

One of the most important contracts remaining is the one involving dry excavation for ship navigation on the Pacific side.

Newspaper Prensa reported: "In its last quarterly report, the institution reported the awarding of the largest contract: the $3.118 million construction of the third set of locks, won by Group Unidos por el Canal".

Canal Expansion Going According to Plan

June 2009

Despite the economic crisis, the Panama Canal Expansion Program is being executed according to the planned time lines and budgets.

In March, contracts for services, consultants, and construction projects were awarded. They expect to award one of the most important contracts, the design and construction of the third set of locks, in July.

Bidding for Panama Canal Locks will be in March

February 2009

The Panama Canal Authority (ACP, by its initials in Spanish) will receive the technical and price proposals next March 3rd for the design and construction of the third set of locks.

Prensa publishes on its website: "It is the largest contract in the expansion program, with an estimated value of close to 60% of the $5.25 billion budgeted."

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