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 Laestrella.com.pa.
Before August 19, the Panama Canal Authority will order for starting construction of the third set of locks of the Panama Canal.
Consortium "Grupo Unidos por el Canal" will begin building the locks at the Atlantic side of the Panama Canal on January.
The Canal Authority and the consortium have agreed to resume the works, but delivery times and other key aspects still need to be defined.
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.
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