Panama Canal Expansion to be Awarded in JulyExperts are reviewing technical aspects of the largest contract worth $5.25 billion, and contract adjudication is expected by July.Wednesday, May 6, 2009
The president of the Panama Canal Authority (ACP), Alberto Alemán, made the announcement at the Reuters Investment Forum on Latin America. Source: prensa.com.pa ¿Busca soluciones de inteligencia comercial para su empresa?Canal Expansion Delayed 7 monthsMarch 2012 Work began seven months later than stipulated due to the quality of the cement which was originally intended to be used, but the contracted company tries to meet the deadline of October 2014. Panama Canal Expansion: 70% of Contracts Already AwardedOctober 2009 Up to September, the Panama Canal Authority had awarded contracts for $3.674 million, 70% of the total cost of the project. Canal Expansion Going According to PlanJune 2009 Despite the economic crisis, the Panama Canal Expansion Program is being executed according to the planned time lines and budgets. Bidding for Panama Canal Locks will be in MarchFebruary 2009 The Panama Canal Authority (ACP, by its initials in Spanish) will receive the technical and price proposals next March 3rd for the design and construction of the third set of locks.
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