The Panama Canal Authority (ACP) has awarded the contract to the company Jan De Nul. It will see the northern Pacific access channel deepened.
The $54.55 million project, located in the Gaillard Cut (known as Corte Culebra in Spanish), comprises the excavation and dredging of approximately 4 million cubic meters of matter. It is the last part of the Canal Expansion Program.
6 companies bid for a contract which comprises widening and deepening the current navigation waterway at Gatún; it is part of the larger Panama Canal Expansion project.
The companies interested in the contract are Dredging International, China Harbour Engineering Company (CHEC), Boskalis International, Great Lakes Dredge & Dock, Van Oord and Jan De Nul. Their proposals range from $39 million to $97 million.
Despite the considerable time gained in the excavation phase, the entire project will only be ready a couple of weeks earlier. According to the contract, the contractor’s deadline is October 21st, 2014.
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."
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