Offers for Set of Locks will be Revealed July 8th

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

Friday, July 3, 2009

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.

According to prensa.com, “The economic proposals were submitted on March 3 and, since then, they have remained in a vault at the Balboa branch of Banco Nacional along with an envelope with the official prices submitted by the ACP administrator, Alberto Alemán.”

More on this topic

Canal Expansion: Date of Stoppage Confirmed

January 2014

The construction consortium has reaffirmed its ultimatum to stop the works if there is no agreement with the Panama Canal Authority.  

An article in Prensa.com reports that "Grupo Unidos por el Canal (GUPC), the company under contract for building the third set of locks, is upholding its ultimatum given to the Canal Administration to suspend the most important works on the expansion project, from next Monday. "

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).

"Grupo Unidos por el Canal" Will Build Locks

July 2009

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

After months of rigorous technical review, the Panama Canal Authority (ACP) today determined the "" proposal for the new set of locks expansion contract.

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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