The tender for the third bridge, located on the Atlantic side, will take place in August, according to the outgoing administrator of the Panama Canal, Alberto Alemán Zubieta.
The senior administrator "explained that once the evaluation of the companies participating in the prequalification process is complete and the tender conditions for the design and specifications of the work have been delivered, the tender will be put out", reported Panamaamerica.com.pa.
The consortium made up of the companies Odebrecht, from Brazil, and Hyundai Joint Venture, from South Korea, as well as the group composed of Acciona Infrastructures, from Spain and Tradeco, from Mexico, are participants in the prequalification act. The French company Vinci Construction Grands Projets has also received the documents.
Official estimates put the value of the work at $280 million, its construction is expected to last 32 months and the Panama Canal Authority has allocated $32 million for the project’s initial phase.
Within the ACP’s budget for the fiscal year a provision has been included for design studies for a fourth bridge over the canal, which would be located on the waters of the Pacific side and the construction of which has not yet been defined.
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The third terminal port on the Pacific is to be built in an area of 112 hectares. Companies such as APL from Singapore, Cosco from China and Evergreen from Taiwan have been invited to participate.
The new terminal on the Pacific side of the Panama Canal will compete with the ports of Balboa and the port of Singapore.
The Panama Canal Authority (ACP) has included in its budget $20 million for the design of the fourth bridge over the Canal.
Referring to the issue, German Alberto Zubieta, administrator of the ACP, said that the amount is for the location study and design of the bridge over the waterway on the Panamanian Pacific.
The Panama Canal Authority (ACP, by its initials in Spanish) will receive the technical and price proposals next March 3rd for the design and construction of the third set of locks.
Prensa publishes on its website: "It is the largest contract in the expansion program, with an estimated value of close to 60% of the $5.25 billion budgeted."
"The Canal Authority did not leave any loose ends, it was a very rigid system in which everything was recorded."
"Impartial, transparent and confidential" is the description of the bidding process by the former Canal Administrator Alberto Alemán Zubieta, who started the Canal expansion project in 2007.