The Panama Canal Authority (ACP) stated in a press release that it would grant the contract on November 18 to the company that offers the lowest price; this would leave one last excavation contract to be concessioned.
The contract includes the excavation and removal of eight million cubic meters of materials from the access channel to the Pacific that will join the new locks with the narrowest section of the canal called Snake Cut.
The Italian company Cimolai will manufacture the gates for the new Panama Canal locks.
The 16 twenty eight foot gates that make up the locks of the new Panama Canal will be built by an Italian company that was subcontracted by Grupo Unidos por el Canal, led by the Spanish company Sacyr Vallehermoso.
The Panama Canal Authority (ACP) announced today that Dredging International N.V. has been awarded the contract to dredge an area of the Panama Canal's manmade body of water, Gatun Lake. The dredging project is another integral element of the Canal's Expansion Program.
"We are pleased with the competition for this contract for which several premier dredging firms from around the world submitted proposals," said ACP Executive Vice President of Engineering and Program Management Jorge L. Quijano. "The ACP has partnered with Dredging International N.V. in the past and we are confident in its proven expertise to deliver this important component of the Expansion Program. Not only has the ACP benefited from a competitive price that is within the estimated budget, but it is also assured of an effective, high quality execution."
The Panama Canal Authority pushed to December 22nd the deadline for the fourth dry excavation phase.
The original date was December 10th, at 1 pm.
"The decision was taken by the Office of Acquisitions of the Panama Canal Authority", reported Laestrella.com.pa. "This contract is part of the construction of the Pacific Access Waterway, which will connect the new set of locks with the Culebra Cut".
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