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New Panamal Canal blocks bidding process start
MEXICO CITY
Petroleumworld.com, Dec 31, 2007THE Panama Canal Authority (ACP) has released a Request for Proposal (RFP) Friday on the “design-build” contract for the new locks under the Canal’s Expansion Program. Four global consortia will now move forward with their bids on what will be the largest and most important project under the $5.25 billion expansion.
The Expansion Program will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, doubling capacity and allowing more traffic and longer, wider ships.
The ACP says it will meet with consortia representatives in February 2008 regarding the content of the RFP for the construction of the new set of locks. Proposals are due in August 2008. The ACP will evaluate bids based on the best value concept, with emphasis on technical components (60%) and price (40%). Following a thorough review, the ACP expects to award the contract in December 2008.
“Releasing the RFP for the new locks is a major step forward in the creation of the new lane, as it is the most significant contract in the Expansion Program. We have some of the world’s most reputable and skilled contractors competing for the opportunity to take part in this prominent project. We’re highly confident in their ability and we’re looking forward to receiving their proposals in the third quarter of next year,” said ACP Executive Vice President of Engineering and Program Management Jorge Quijano.
Story from Maritime Global Net
Maritime Global Net 27 12 07
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