Tender for third set of locks suffers setback again

The tender for the most important expansion of the Panama Canal, for $2.73 billion, has accumulated a 7 month delay.

Friday, October 24, 2008

The Panama Canal Authority said, however, that the execution of the Widening Program will not be affected and that the decision was taken "in response to the request by some of the consortiums in order improve their proposals.



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Canal Expansion: Between a Rock and a Hard Place

January 2014

The construction consortium has rejected the proposed solutions one by one, as they know that being replaced would be more expensive for the ACP than to acquiesce to its demands.

EDITORIAL

The alleged light at the end of the tunnel that led to an agreement in principle to resolve the alleged illiquidity of Grupo Unidos por el Canal (GUPC), was dimmed when the consortium led by Sacyr and Impregilo returned to its extremist position: Pay the overruns of $1.6 billion, or the works will be halted.

Canal Excavation Bidding Extended

December 2009

The Panama Canal Authority pushed to December 22nd the deadline for the fourth dry excavation phase.

The original date was December 10th, at 1 pm.

"The decision was taken by the Office of Acquisitions of the Panama Canal Authority", reported Laestrella.com.pa. "This contract is part of the construction of the Pacific Access Waterway, which will connect the new set of locks with the Culebra Cut".

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.

Proposals for Panama Canal Expansion Submitted

March 2009

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.

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.

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