Complicated tender for third set of locks in the Canal

Since the publication of the initial tender on 27 December 2007, there have been 23 modifications, and the date for proposals has been postponed three times.

Wednesday, January 21, 2009

The project proposes the use of 230,000 tons of steel, 48 million gallons of diesel and 800,000 metric tons of concrete.

According to reports by Wilfredo Jordan on Prensa.com, "To build the third set of locks, plan calls for a guaranty of $400 million for the completion of the contract and $50 million as a guaranty for the proposal." The total cost of the works is estimated to be $2.7 billion.

More on this topic

Canal Locks to Come From Italy

May 2011

The Italian company Cimolai will manufacture the gates for the new Panama Canal locks.

The 16 twenty eight foot gates that make up the locks of the new Panama Canal will be built by an Italian company that was subcontracted by Grupo Unidos por el Canal, led by the Spanish company Sacyr Vallehermoso.

Panama Canal Expansion: 70% of Contracts Already Awarded

October 2009

Up to September, the Panama Canal Authority had awarded contracts for $3.674 million, 70% of the total cost of the project.

One of the most important contracts remaining is the one involving dry excavation for ship navigation on the Pacific side.

Newspaper Prensa reported: "In its last quarterly report, the institution reported the awarding of the largest contract: the $3.118 million construction of the third set of locks, won by Group Unidos por el Canal".

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.

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).

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