Panama Canal opens Pacific approach bids
The Panama Canal Authority said last week it received three bids from international firms vying to dredge and excavate the Pacific Access Channel to allow larger ships to successfully enter a new access channel and reach the new Pacific Locks.
The work involves dredging and excavating an estimated 4 million cubic meters of material.
The authority said it will award the contract to the firm with the lowest-priced bid that meets all of the terms and conditions stated by the tender in the request for proposals.
Companies submitting bids and corresponding bid prices are:
' Jan De Nul, $54.55 million.
' International Underground Corp., $55.33 million.
' BKI-MECO, $71.34 million.