Consortium Locks in Panama Canal Contract

Consortium Locks in Panama Canal Contract

Panama

The Panama Canal Authority (PCA) says it has awarded a concession for the expansion of its locks to a consortium that calls itself Grupo Unidos por el Canal. The $3.1bn price proposal by the consortium was by far the lowest offer, at around half of the value of the highest bid of $6.0bn. PCA says it will award the contract in the next few days, says. The consortium, made up of Sacyr Vallehermoso, Impregilo, Jan De Nul and Constructora Urbana, submitted a proposal whose cost falls below the ACP’s

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