"Grupo Unidos por el Canal" Will Build Locks

The winner consortium presented a $3,1 billion offer for the design and construction of the new set of locks of Panama Canal.

Wednesday, July 8, 2009

After months of rigorous technical review, the Panama Canal Authority (ACP) today determined the "" proposal for the new set of locks expansion contract. Consortium Grupo Unidos por el Canal composed of Sacyr Vallehermoso S.A., Impregilo S.p.A., Jan De Nul n.v. and Constructora Urbana, S.A. garnered the highest total points for its combined technical and price scores. Three world-renowned consortia competed to win the largest and most important contract under the Canal's Expansion Program.

In a public ceremony, the ACP first presented the scores obtained from the technical evaluations and opened the price proposals submitted by all three consortia. Displayed on large video screens for the audience to view, the ACP opened the sealed price proposals and revealed the technical scores - all done in the presence of a Public Notary and the ACP's outside auditing firm. The ACP then calculated a final weighted score - constituting 55 percent for the technical proposal and 45 percent for the price submission - live and on-screen.

The points for the price proposal and technical evaluation from each consortium were then combined and the highest total score became the "" offer.

The base price of US $3,118,880,001.00 submitted by Grupo Unidos por el Canal does not exceed the ACP's owner's allocated price of US $3,481,000,000.00.

"Today's event marks a critical milestone for the ACP and Panama as we determine which consortium will design and build the Canal's new locks," said ACP Administrator/CEO Alberto Alemán Zubieta. "Throughout the review period, the ACP's Technical Evaluation Board and external auditors worked tirelessly to ensure an airtight course of action that reflects our staunch commitment to a fair, rigorous and transparent contracting process. Certainly, each step brings us closer to our end goal - the historic expansion of the Panama Canal - and we look forward to awarding the contract in the coming days."

Based on total scores and the criteria laid out by the ACP, Grupo Unidos por el Canal's proposal submission is the "."

What is "?"

The "" proposal was determined based on weighted total scores - 55 percent for the technical proposal and 45 percent for the price submission. Technical points awarded to each consortium were added and calculated with the price proposal to determine the total number of points.

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More on this topic

Canal Expansion: Builders Ran Out of Money?

January 2014

The facts seem to bear out what was said in 2009 -according to WikiLeaks- by the U.S. ambassador, who described Sacyr as "a bankrupt company sustained only by the Spanish government."

The dialogue regarding the cost overruns in the construction of the canal expansion project between the Panama Canal Authority (ACP) and the consortium Grupo Unidos por el Canal (GUPC)-initiated by the intervention of the Spanish Minister of Development- has been interrupted, and it is not longer the Spanish group Sacyr the spokeshead but instead it is now the other majority company in the Consortium, Italy's Impregilo, which is asking - via the media- for $1 billion from the ACP, while keeping up its threat to stop the work.

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).

Offers for Set of Locks will be Revealed July 8th

July 2009

The Canal Authority will open the envelopes containing the economic proposals from the three qualified consortiums on July 8th.

All at the same time, the technical evaluations from the participating consortiums will be revealed. The consortiums are: CANAL, Bechtel Taipei and Mitsubishi, and Grupo Unidos por el Canal.

Proposals for Panama Canal Expansion Submitted

March 2009

The C.A.N.A.L, Bechtel Taipei Mitsubishi and Grupo Unidos por el Canal consortiums delivered their proposals to build a third set of locks.

AFP published: "The construction of new locks that will allow the crossing of larger vessels is the largest contract in the expansion project and will require a total investment of $5.25 billion.

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