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Article Excerpt
The Panama Canal Authority, (Autoridad de Canal de Panama, ACP) released a request for proposal (RFP) the last week of December 2007 on the design-build contract for the new locks that are to be part of the canal's US$5.25 billion expansion. The expansion will create a parallel traffic lane to the existing facility, doubling the canal's capacity and allowing for the passage of post-Panamax ships, the largest in the world.
The proposals must be delivered to the ACP by August 2008. In February, the authority will meet with representatives of the consortia expected to bid regarding the details of the construction. According to a statement from the Panama Canal Commission, the ACP will evaluate bids based on a "best value" concept, with 60% emphasis on technical components and 40% on price.
The ACP will, according to reports, conduct a thorough review of bids and award the contract in December 2008. Jorge L. Quijano, ACP executive vice president of engineering and program management, told reporters, "Releasing the RFP for the new locks is a major step forward in creating the new lane, as it...
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