2009, the year for bids at the Panama Canal

From January to March of this year 12 bids will be held, while the new locks are scheduled to put to tender during the second quarter.

Friday, January 16, 2009

Laestrella.com.pa reports: "According the ACP, four consortiums which pre-qualified to take part in the bidding are preparing their proposals.

To this end they have carried out inspections on the Atlantic and Pacific coast of Panama, where the new locks will be built, in order to gather information needed to prepare their proposals which have to be delivered no later than March 3, 2009.

More on this topic

Panama Canal Extends Deadline for Dry Excavation Bids

December 2009

The deadline for submitting bids for the fourth and last dry excavation project was postponed to December 10th.

The original deadline was December 3rd, but the Panama Canal Authority decided to give companies more time.

"This contract comprises excavating 27 million metric tons of unclassified material to build an access waterway connecting the new Pacific locks with the Culebra Cut", reported Prensa.com.

Panama Canal Awards Expansion Contract for Quality Assurance Material Testing

October 2009

The ACP announced that it awarded the contract to perform quality assurance material testing to Laboratorios Contecon Urbar Panama, S.A.

After thoroughly reviewing bid submissions and ensuring compliance with its regulations, the ACP confirmed the winner.

Key to the success of the new locks construction, Laboratorios Contecon Urbar Panama, S.A.

ACP Invests $320 million in Modernization Projects

June 2009

Investments in lock lighting and the purchase of five tugs boats, among others, have been made to improve the service.

The improvements, according to the Panama Canal Authority (ACP), have increased daily traffic and provided greater security.

Laestrella.com.pa published: "According to the ACP, investments reached $320 million in projects such as a new locomotive turntable system and rails, a second mooring station and the replacement and conversion of the fleet of boats for the Canal."

$2.3 billion for Panama Canal

October 2008

The Panama Canal Authority (ACP) obtained credit for $2.3 billion from foreign financial institutions to finance the widening of the Canal, announced President Martin Torrijos.

The president said that the Cabinet authorized the ACP to enter into the debt, and pointed out that "it is a great satisfaction for Panamanians to have the multilateral banks reiterate their confidence in Panama in these moments of global uncertainty.

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