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.
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.
Up to September, the Panama Canal Authority had awarded contracts for $3.674 million, 70% of the total cost of the project.
Despite the economic crisis, the Panama Canal Expansion Program is being executed according to the planned time lines and budgets.
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.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar