Third dry excavation of the Panama Canal put to tender

Meco S.A., a Costa Rica company with 12 years of operations in Panama, presented the the best proposal, beating CUSA.

Friday, December 5, 2008

In total, six companies participated in the bidding carried out at the Ascanio Arosemena where Meco offered 36,659,852 million dollars, close to $2 million higher than the bid by Constructora Urbana (CUSA), which is currently carrying out the first dry excavation contract.

Meco is headquartered in Costa Rica, but has been operating in Panama for 12 years.

More on this topic

Panama Awards $178 Million in Highway Contracts

June 2010

Construction company CUSA was awarded the construction of the highway between David and Boquete, and Meco won the contract to build the link between La Villa and Las Tablas.

Panamanian company Cusa will have three years to complete the project and will be in charge of maintaining it for another three.

Canal Excavation Contract for $267.7 Million

December 2009

Such is the amount proposed by the lowest-priced bid, by consortium Fomento de Construcciones y Contrata (FCC), Mexico's ICA and MECO.

Other companies bidding for the contract include Brazil's Odebrecth, Belgium's Jan de Nul, and the consortium Impregilo, Sacyr and Cusa (ISC).

Meco Wins Panama Canal Expansion Contract

December 2009

Construction company Meco was awarded the contract for the fourth phase of dry excavation, at the Pacific waterway.

The project comprises excavating and removing some 27 million cubic meters of material, and is valued at $400 million.

From "This afternoon, officials revealed that Meco had bid the lowest price".

Meco wins bids for Panama Canal contract

December 2008

Costa Rican consortium, Meco construction company, won the third dry excavation contract for the Panama Canal expansion project.

Said consortium made the lowest offer, $36.6 million, for the public bid held on December 4, and met the requirements indicated by the Panama Canal Authority.

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