The Panama Canal Authority (ACP) has awarded the fourth and final dry excavation (PAC-4) contract to FCC-ICA-Meco to help create an access channel linking the new Pacific locks with the Canal’s existing Gaillard Cut – the narrowest stretch of the Panama Canal.
The contracting process began July 31 2009 when the ACP released its request for proposals (RFP) for the excavation project. On December 22 2009 the ACP received four bids for the contract. Following a comprehensive review the ACP determined that the lowest bidder FCC-ICA-Meco – a Spanish Mexican and Costa Rican joint venture met the requirements of the RFP and awarded the contract to this consortium.
The bids were:
Jan de Nul – Chec: $359102231.18
ISC Panamá: $294913000.00