Tender for third set of locks suffers setback again
The tender for the most important expansion of the Panama Canal, for $2.73 billion, has accumulated a 7 month delay.
Friday, October 24, 2008
The Panama Canal Authority said, however, that the execution of the Widening Program will not be affected and that the decision was taken "in response to the request by some of the consortiums in order improve their proposals.
The construction consortium has rejected the proposed solutions one by one, as they know that being replaced would be more expensive for the ACP than to acquiesce to its demands.
Over $5 billion in total investment, 12.6 million cubic meters of earth removed, 2,600 workers and the world's largest dredger.
The Panama Canal Authority pushed to December 22nd the deadline for the fourth dry excavation phase.
The C.A.N.A.L, Bechtel Taipei Mitsubishi and Grupo Unidos por el Canal consortiums delivered their proposals to build a third set of locks.
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