Six new bids given

Panama Canal Authority (ACP) officially received a total of six bids.

Moving forward with the selection process for the third of four dry excavation contracts under its Canal Expansion Program, the Panama Canal Authority (ACP) officially received a total of six bids. Now, submissions will be thoroughly reviewed and a winner will be determined later this month for this next phase of the project. The scope of work included in the contract encompasses the excavation, removal and disposal of eight million cubic meters of material, which will further reduce Paraíso (Paradise) Hill from 46 meters to 27.5 meters above sea level. It also calls for the construction of approximately 2.5 kilometres of access and the clearing of 190 hectares of land bearing munitions and explosives of consideration (MEC), remnants from former U.S. military training in Panama.

This contract will be awarded to the firm with the lowest-priced bid that meets all of the requirements stated in the request for proposals. Over the next few days the ACP will review the documents submitted by the lowest bidder to verify the company"s experience, technical capacity, financial strength and bonding before awarding the contract.

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