Two years after the publication of the tender, the Varela administration and the Panama Fourth Bridge Consortium signed the contract for the design and construction of the Fourth Bridge over the Panama Canal.
From the statement of the Ministry of Public Works:
November 9th, 2018. Today, the Government of the Republic of Panama, through the Ministry of Public Works (MOP) carried out the signing of the contract with the Panama Fourth Bridge Consortium, formed by the companies CHINA COMMUNICATIONS CONSTRUCTION COMPANY LTD and CHINA HARBOUR ENGINEERING COMPANY LTD, for the design and construction of the Fourth Bridge over the Panama Canal, in accordance with the award as a result of the tender for the Best Value with Separate Evaluation No. 2016-0-09-0-99-LV-004736, for an investment amount of B/.1,420,027,324.73.
After two proposals were disqualified and another participant withdrew, the consortium formed by two Chinese state construction companies won the tender to design and build the fourth bridge over the Panama Canal.
Between $1.211 billion and $1.813 million is the range of proposals submitted by companies interested in designing and building the fourth bridge over the Panama Canal.
In the tender to expand a 36-kilometer stretch of road in Panama to six lanes, the consortium formed by FCC Construcción and Operadora CICSA submitted an offer for $543 million, while MECO and Constructora Urbana, offered $624 million.
China Communications Construction Company, LTD also participated in the tender "Extension to six lanes - Corredor de las Playas - Section 1: La Chorrera - Santa Cruz", but its proposal was disqualified for not meeting the minimum required score.
China Landbridge Group has started construction of the Panama-Colon container port in Isla Margarita, Panama, which will be capable of servicing Neo Panamax vessels.
From a statement issued by the Presidency of Panama:
The Panama Canal Authority expects to tender at the end of the year several logistics projects to be developed in 1,200 hectares of land in the canal zone.
The goal of the Panama Canal Authority is to generate value-added services around the extended canal, and according to the head the institution, Jorge Luis Quijano, several state companies from China have already expressed interest in participating in the development of these projects, which could be estimated at $1 billion and would be developed over a period of five to seven years.
The Chinese Landbridge Group has acquired Panama Colon Container Port and will invest the $900 million required for the new terminal, whose construction will be the responsibility of the Chinese company CCCC.
China Communications and Construction Company (CCCC) will oversee the construction of the new port project on Isla Margarita, in the Atlantic province of Colon.
The Costa Rican government has signed a $395 million loan conditional on the award of a contract to a construction company that has been blacklisted by the World Bank.
China Harbour Engineering Company (CHEC) will expand the stretch of 107 kilometers on the road to Limón, despite questions having been asked in four countries regarding fraud and bribery.
The consortium will have a period of approximately 11 months to complete the design. The tender for construction could be carried out between June and July 2012.
The consortium China Communications Construction Company / Louis Berger Group submitted the lowest bid ($4.6 million) for the final design of the bridge over the Atlantic.
Also participating in the bidding were TYPSA Principia ($ 4.9 million), URS Holdings ($ 6.1million), Columbus JVB Bridge ($ 7.2 million), ARUPB ($ 8.5 million) and Ty Lin International ($ 9.6 million).
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