“We are exploring our participation in all Canal projects, especially in the design, construction and financing of a Fourth Set of Locks,” Wenhe said.
CHEC is a full-service provider of Engineering-Procurement-Construction (EPC), Build-Operate-Transfer (BOT) and Public-Private-Partnership (PPP) for the public and private sectors. Currently, CHEC is present in over 80 countries including Panama and conducts projects worldwide for over US$10 billion. The company will be setting up its regional headquarters in Panama.
The expansion program of the Panama Canal registered an overall progress of 78%, while the new locks project is currently 73% complete.
The project is expected to be complete by December 2015.