Third Bridge Over Canal to be Tendered in August

With 4 lanes, and measuring 4.6 kilometers long and 75 meters high, the bridge will cost about $280 million and its construction will take 32 months.

Wednesday, March 28, 2012

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.

More on this topic

Tender for New Port in Panama

September 2011

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.

$20 million Allocated for Canal Bridge Design

August 2011

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.

ACP Presents 2012 budget

August 2011

The Panama Canal Authority (ACP in Spanish) for 2012 expects revenues of $2.367 million and contributions to the government to be $950 million.

Projected revenues are: $1.828 million in tolls (77% of total), $429 million in services related to the transit of vessels (18%), $84 million in electricity sales (4%) and $26 million in sales of water (1% ).

Three Pre-Qualified to Bid in Bridge Tender

April 2012

The Consortia Odebrecht - Hyundai Joint Venture, Acciona Infrastructures -Tradeco, and France's Vinci Construction Grands Projets, have been accepted by the ACP to take part in the tender for the construction of a bridge over the Canal in the Atlantic.

"Through a press release, the Panama Canal Authority (ACP) reported that the Spanish-Mexican consortium "Acciona Infrastructures-Tradeco" and the Brazilian-South Korean "Odebrecht-Hyundai joint venture" along with the French company "Vinci Construction Grands Projets" qualified following analysis of their technical criteria, experience and financial capacity", reported Panamaamerica.com.

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