Panama Canal: $339 million given in contracts

As of 31 December 2008, the ACP recorded a total of $339.469 million in more than 100 contracts granted for the expansion project.

Tuesday, January 27, 2009 reports: "The reports says that the Panamanian company, Constructora Urbana, S.A. (CUSA) has advanced 79% with the first phase of the excavation of the access passage for the Pacific locks. Some 5.8 million cubic meters of dirt from the Paraiso hill have been excavated from the total of 7.4 million included in the contract.

More on this topic

Canal Excavation To Be Ready One Year Ahead of Schedule

June 2010

The consortia leaded by Sacyr Vallehermoso will conclude excavations works at the Panama Canal Expansion in early 2012, one year ahead of schedule.

Despite the considerable time gained in the excavation phase, the entire project will only be ready a couple of weeks earlier. According to the contract, the contractor’s deadline is October 21st, 2014.

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 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.

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