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

From Prensa.com: "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".

Source: prensa.com.pa

More on this topic

Panama Canal Strike Ends

July 2014

Workers have accepted the wage proposal made by the ICA-FCC-MECO consortium and resumed excavating the last stretch of the access channel to the Pacific.

After almost a week of work stoppage in the last stretch of riverbed on the access channel through the Pacific, workers agreed to resume work after negotiating a series of agreements with the consortium made up of the Mexican Ingenieros Civiles Asociados, the Spanish Fomento de Construcciones y Contratas and the Costa Rican firm Meco.

Canal Expansion: Another Contractor Demands $44 million

January 2014

The group in charge of the construction of the fourth tranche accessing the Pacific has asked for arbitration over its demand for an additional $44 million as well as more time.

The Panama Canal Authority (ACP) received 6 complaints from Fomento de Contratas y Construcciones (FCC), the Mexican company ICA and the Costa Rican Construction company MECO, who were awarded the contract for the last access tranche to the the Pacific linking to the third set of locks with the Corte Culebra.

Canal Excavation Contract for $267.7 Million

December 2009

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

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

Meco Wins Panama Canal Expansion Contract

December 2009

Construction company Meco was awarded the contract for the fourth phase of dry excavation, at the Pacific waterway.

The project comprises excavating and removing some 27 million cubic meters of material, and is valued at $400 million.

From Prensa.com: "This afternoon, officials revealed that Meco had bid the lowest price".