Three bid for Panama Canal locks contract

ACP will evaluate the proposals from the three – Consorcio C.A.N.A.L; Consortium Bechtel, Taisei, Mitsubishi Corporation; and Consorcio Grupo Unidos por el Canal – and will award the contract for “best value” based on 55% for the technical aspect and 45% on the bid price.

In line with the ACP’s commitment to an “open, fair, rigorous and transparent bid process”, the sealed envelopes containing details of the price proposals, including the ACP’s owner’s price, have been placed in the vault of the Panama’s National Bank. The price proposals together with the owner’s price will only be opened and reviewed once the technical proposals have been evaluated.

Describing the proposals as “another historic milestone in the canal’s expansion,” ACP Administrator and CEO, Alberto Alemán Zubieta said, “This is an exciting time for the Canal and for Panama as we move forward with the single most important expansion project. We stand committed to hiring a consortium that meets all technical requirements and provides the best value for the project.”