Meco wins bids for Panama Canal contract

Costa Rican consortium, Meco construction company, won the third dry excavation contract for the Panama Canal expansion project.

Friday, December 19, 2008

Said consortium made the lowest offer, $36.6 million, for the public bid held on December 4, and met the requirements indicated by the Panama Canal Authority.

The contract is for 850 days to complete the works, and is expected to be completed 2011, according to a release by the entity that administrates the Canal.

More on this topic

PCA Awards $267 Million Dry Excavation Contract

January 2010

The consortium FCC-ICA-MECO won the second-largest contract of the Panama Canal expansion project.

This contract comprises excavating a 6.1 kilometer waterway that will connect the third set of locks with the Culebra Cut.

From "FCC-ICA-MECO submitted the lowest priced offer in the bidding process ($267.798.795), and complied with the requirements imposed by the Panama Canal Authority".

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 from Within

June 2009

Over $5 billion in total investment, 12.6 million cubic meters of earth removed, 2,600 workers and the world's largest dredger.

Withstanding high temperatures and humidity, the 1,389 operators who are currently working on the expansion project are making a great effort so that the companies that got the expansion contracts can meet established deadlines.

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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