Grupo Unidos Por El Canal wins Panama locks contract
Announcing the decision, the Panama Canal Authority (ACP) contracting officer, Adriano Espino, said that awarding the contract was the culmination of months of rigorous planning and stringent evaluation.
“After identifying Grupo Unidos por el Canal as the consortium with the ‘best value’ proposal, we verified its price submission based on ACP requirements and regulations and concluded that the consortium has the resources to perform the project and bring it to completion.”
The base price of US$3.1bn submitted by the consortium did not exceed the ACP’s owner’s allocated price of US$3,48bn.
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