20 Firms Seek
Contract for Panama
Canal Excavation
At least 20 companies
from eight countries
have participated in the
tendering process to win
the second contract for
the dry-excavation of
the Panama Canal,
official sources said
Friday.
Firms from Canada and
the United States,
Mexico, Costa Rica,
Colombia, Venezuela,
Italy and Panama have
expressed interest in
the preliminary process
that concluded Thursday.
The Panama Canal
Authority (ACP) said
Friday that the
representatives
conducted an on-site
inspection Tuesday and
Wednesday.
This is the second of
the five contracts the
ACP will offer on the
canal's expansion, which
involves the excavation
of the 218 meter-wide
trench linking the
Culebra Cut with the
Pacific coast.
The contract will be
decided on Oct. 31.
The Panama Canal
expansion project is
estimated at a cost of
5.2 billion U.S. dollars
and will be completed by
the year 2014. |
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