Panama Canal excavation contract to be concessioned

The Panama Canal started the tender process for the third dry excavation contract.

Wednesday, October 1, 2008

The Panama Canal Authority (ACP) stated in a press release that it would grant the contract on November 18 to the company that offers the lowest price; this would leave one last excavation contract to be concessioned.
The contract includes the excavation and removal of eight million cubic meters of materials from the access channel to the Pacific that will join the new locks with the narrowest section of the canal called Snake Cut.

More on this topic

ACP Awards Gatun Lake Dredging Contract to Dredging International N.V.

June 2010

The Panama Canal Authority (ACP) announced today that Dredging International N.V. has been awarded the contract to dredge an area of the Panama Canal's manmade body of water, Gatun Lake. The dredging project is another integral element of the Canal's Expansion Program.

"We are pleased with the competition for this contract for which several premier dredging firms from around the world submitted proposals," said ACP Executive Vice President of Engineering and Program Management Jorge L. Quijano. "The ACP has partnered with Dredging International N.V. in the past and we are confident in its proven expertise to deliver this important component of the Expansion Program. Not only has the ACP benefited from a competitive price that is within the estimated budget, but it is also assured of an effective, high quality execution."

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".

Panama Canal: $339 million given in contracts

January 2009

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

Panama: Excavation project to be tendered at the end of the month

August 2008

At the end of August the bidding process for the third phase of the dry excavation of the navigation channel on the Pacific.

8 million cubic meters of materials will have to be excavated for this project which will be the continuation of phase 1 which is currently underway and is 57% completed.

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