Three competing for US$ 2.73 billion Panama locks

By Chris Sleight04 March 2009

Three consortiums have entered bids for the largest single contract in the US$ 5.25 billion expansion of the Panama Canal. Construction of new locks on both the Atlantic and Pacific sides of the canal is expected to cost US$ 2.73 billion.

Each lock structure will have three chambers and water re-circulation basins. They are expected to double the canal's freight capacity by allowing longer and wider ships to navigate it.

The consortiums are Consorcio Canal, comprising ACS, Acciona, FCC and Hochtief, a second group comprising Bechtel, Mitsubishi and Taisei, and a third composed of Impregilo, Sacyr and Panamanian contractor Constructora Urbana. A fourth consortium comprising Alstom, Bilfinger Berger, Bouygues, Construtora Queiroz Galvo and Vinci had previously expressed interest, but subsequently withdrew from the bidding process.

The contract is expected to be awarded in June

Latest News
World Demolition Summit 2021 - conference update
Latest speakers and presentations as industry returns to an in-person event at Chicago in October
Strong second quarter figures from CNH
Company reports increases in order books
Sales for Caterpillar’s construction segment up 40%
Cat sees strong growth in second quarter of 2021 reflecting ‘continued improvement’ in markets