Canal Excavation Contract for $267.7 Million

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

Wednesday, December 23, 2009

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

"The Panama Canal Authority must review financial and technical documentation to assure if the proposal complies with all bidding rules, in order to award it. The order to proceed with the project must be issued no later than January 15th, 2010", reported

More on this topic

Canal Works to Start in September

August 2009

Before August 19, the Panama Canal Authority will order for starting construction of the third set of locks of the Panama Canal.

7 days after the Canal Authority gives the order, the consortium "Grupo Unidos por el Canal" (GUPC), will have 1.883 days to complete the project.

Panama Metro Project Raises Interest

July 2009

"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.

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

Canal Locks Contract Awarded

July 2009

The PCA announced yesterday that Consortium Grupo Unidos por el Canal will design and build the waterway's new set of locks.

The award is done after verifying the financial capability of the consortium and that its members have not broken any of the rules imposed by the Panama Canal Authority (PCA).

Canal Expansion Worth $3.7 Billion

April 2009

According to the Italian Impreglio construction company, the contract for the Panama Canal expansion could be worth $3.7 billion.

Impregilo belongs to one of three consortiums pre-selected to expand the Panama Canal. Its other partners are the Spanish Company Sacyr Vallehermoso SA, the Portuguese Company Somague, the Belgian Company Jan de Nul and the Panamanian Company Cusa. The Italians have a 37% participation.

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