Panama Metro Project Raises Interest

"Grupo Unidos por el Canal", the consortium in charge of building the third set of locks at the Panama Canal, would tender for the metro.

Wednesday, July 22, 2009

The consortium, comprising Spain's Sacyr, Italy's Impregilo, Belgium's Jan de Nul and Panama's "Constructora Urbana", would present a proposal in the next months, according to an article in

"Impregilo is building both Genoa and Naples Metros, in addition to high speed train routes linking Milan and Turin, and Bologna and Florence. Likewise, Sacyr has constructed Metros in Seville and Palma, Majorca. Public bid details will be available in the end of this year".

More on this topic

Canal Works to Start in September

August 2009

Before August 19, the Panama Canal Authority will order for starting construction of the third set of locks of the Panama Canal.

7 days after the Canal Authority gives the order, the consortium "Grupo Unidos por el Canal" (GUPC), will have 1.883 days to complete the project.

Works Begin at Third Set of Locks

January 2010

Consortium "Grupo Unidos por el Canal" will begin building the locks at the Atlantic side of the Panama Canal on January.

The consortium will start at the end of January in order to take advantage of the dry season.

"Personnel will be hired gradually... when the construction peaks, in mid-2011, there will be between 5.000 and 5.500 people working", reported

Canal Expansion: A Light At The End of The Tunnel

February 2014

The Canal Authority and the consortium have agreed to resume the works, but delivery times and other key aspects still need to be defined.

Grupo Unidos por el Canal has pledged to restart, on February 20, the construction of the Third Set of Locks. As soon as the works are restarted the ACP will remit $36.8 million related to payments billed by the consortium last December.

Canal Expansion: Agreement to Finish Work Confirmed

February 2014

The agreement between the Panama Canal Authority and the consortium GUPC has been framed within the conditions of the original contract and rules out paying for cost overruns which are outside of the contract.

The Third Set of Locks project will be completed within the terms of the contract, as the Panama Canal Authority has demanded since the beginning.

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