Panama Canal: $339 million given in contractsTuesday, January 27, 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. Laestrella.com.pa 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. Some 5.8 million cubic meters of dirt from the Paraiso hill have been excavated from the total of 7.4 million included in the contract. 10 Years of Panamanian Administration at the CanalMonday, January 4, 2010 On December 31st, 2009, Panama celebrated 10 years administering the Canal. Alberto Alemán, head of the Panama Canal Authority (PCA), remarked the benefits the country has reaped in this decade of Panamanian administration of the Canal, evidenced in more than $4.7 billion delivered to the National Treasury since 2000. Contracts Worth $4 Billion Awarded by Panama CanalTuesday, July 27, 2010 On 30 June the Panama Canal Authority (ACP) awarded over $4 billion worth of contracts. The contracts relate to canal expansion works with a total value of $4.041 billion. Panama Canal Expansion Awarded $4 Billion in ContractsTuesday, May 25, 2010 As of March 2010, the Panama Canal Authority (PCA) had awarded $3,993 million in contracts related to enlarging the Panama Canal. $331.7 million have already been disbursed, according to data from the PCA. Panama Canal Extends Deadline for Dry Excavation BidsTuesday, December 1, 2009 The deadline for submitting bids for the fourth and last dry excavation project was postponed to December 10th. The original deadline was December 3rd, but the Panama Canal Authority decided to give companies more time. Canal Excavation Bidding ExtendedThursday, December 10, 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. Panama Canal Expansion: 70% of Contracts Already AwardedWednesday, October 28, 2009 Up to September, the Panama Canal Authority had awarded contracts for $3.674 million, 70% of the total cost of the project. One of the most important contracts remaining is the one involving dry excavation for ship navigation on the Pacific side. Canal Receives Dredging BidsFriday, September 11, 2009 The Panama Canal Authority will proceed to analyze technical and financial aspects of the bids. The selection process is a 'negotiated lowest price bid', so the names and proposed amounts of the participants will remain strictly confidential. ACP Invests $320 million in Modernization ProjectsTuesday, June 2, 2009 Investments in lock lighting and the purchase of five tugs boats, among others, have been made to improve the service. The improvements, according to the Panama Canal Authority (ACP), have increased daily traffic and provided greater security. Panama Canal Invites Bids for Vehicle BridgeWednesday, November 18, 2009 The Panama Canal Authority started the process for building a vehicle bridge, by putting out to tender its feasibility study. The contractor will be responsible for analyzing the feasibility of building a tunnel or a bridge to the north of the existing Gatun locks and the new post-panamax locks in the Atlantic side. 2009, the year for bids at the Panama CanalFriday, January 16, 2009 From January to March of this year 12 bids will be held, while the new locks are scheduled to put to tender during the second quarter. Laestrella.com.pa reports: "According the ACP, four consortiums which pre-qualified to take part in the bidding are preparing their proposals. Panama Canal Expansion to be Awarded in JulyWednesday, May 6, 2009 Experts are reviewing technical aspects of the largest contract worth $5.25 billion, and contract adjudication is expected by July. The president of the Panama Canal Authority (ACP), Alberto Alemán, made the announcement at the Reuters Investment Forum on Latin America. Panama: Dry Excavation Contract Being CoordinatedTuesday, August 25, 2009 The Panama Canal Authority will hold meetings with interested companies today and tomorrow, in order to coordinate tender terms. Proposals for the fourth dry excavation contract, the second most important after the construction of the locks, will be received September 15th and will be opened on October 30th. Panama looking to become global logistics centerTuesday, August 26, 2008 The widening of the Canal will keep the country in the center of global trade and will provide the opportunity for it to become a global logistics center. Estimates from the Panama Canal Authority (ACP) project that the container load passing through the Canal will grow by an annual rate of 5.6%, up from 98 million tons in 2005 to close to 296 million tons in 2025. ACP Inspects Scale Model of New LocksMonday, October 18, 2010 The Board of Directors of the Panama Canal Authority (ACP) discusses with the International Advisory Commission issues relevant to the Canal. The Advisory Board and the Panama Canal Authority (ACP) will have its eighteenth meeting in Lyon, France, in order to inspect the physical model developed by the Compagnie Nationale du Rhone and see how the locks work at Berendrecht, Antwerp, Belgium, considering these are the models which have been adopted for the expansion of the Panama Canal. |
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