Four consortiums compete to build new Panama Canal ship locks
Saturday, December 15 2007 @ 08:42 AM EST
Contributed by: Don Winner
The bidders are:
- - The CANAL consortium, which includes the Spanish companies ACS Servicios, Acciona Infraestructuras and Sner Engineering of Spain, as well as the Germany-based Hochtief Construction, ICA of Mexico and Royal Haskoning of the Netherlands.
- - Atlantic-Pacific of Panama, which includes Bouygues Construction, VINCI Construction and Alstom of France, Bilfinger Berger of Germany, the US-based AECOM, and four Brazilian companies.
- - A consortium that includes the US-based Bechtel, and Taisei and Mitsubishi corporations of Japan.
- - The fourth group, "United Group for the Canal," includes Panama's Constructora Urbana, US-based companies Tetra Tech, Montgomery Watson Harza and Heerema Group, and companies from the Netherlands, Italy, Spain and Belgium.
The canal was built 1904-1914 by the United States, which handed control over to Panama in December 1999.
The largest ships that now use the canal carry up to 5,000 containers, but after the expansion supertankers and ships carrying as many as 12,000 containers will be able to sail the canal.
Some 14,000 ships, comprising about five percent of annual world commerce, pass through the Central American shortcut between the Atlantic and Pacific Oceans, avoiding the arduous and costly journey around Cape Horn, at the southern tip of South America.
About 80 percent of Panama's economy is linked to canal activity, amounting to some six billion dollars, or 80 percent of Panama's gross domestic product.
The waterway's main users are the United States, China and Japan.
The government says work would be financed by a hike in tolls, worth 1.2 billion dollars in 2005.