Proposals for Panama Canal Expansion Submitted

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.

Tuesday, March 3, 2009

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. After evaluating the proposals for about four months, the ACP will award the project to the winning consortium and work must be completed by 2014 when the canal will have been in service for 100 years."

More on this topic

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.

Offers for Set of Locks will be Revealed July 8th

July 2009

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

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.

Canal Expansion Worth $3.7 Billion

April 2009

According to the Italian Impreglio construction company, the contract for the Panama Canal expansion could be worth $3.7 billion.

Impregilo belongs to one of three consortiums pre-selected to expand the Panama Canal. Its other partners are the Spanish Company Sacyr Vallehermoso SA, the Portuguese Company Somague, the Belgian Company Jan de Nul and the Panamanian Company Cusa. The Italians have a 37% participation.

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