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Todays Headline News
2008-12-19
Panama Canal awards third dry excavation contract
Source: ThinkPanama
By: Lilia Korsi Rojas
2008-12-19 10:38:36
Views: 667
The Panama Canal Authority has awarded the third of four dry excavation contracts to Constructora MECO, to help create an access channel linking the new Pacific locks with the waterway's existing Gaillard Cut, which is the narrowest stretch of the Panama Canal.
The authority selected Constructora MECO from among six bids, and said that the Costa Rican firm was the lowest bidder.
The scope of work included in the contract encompasses the excavation, removal and disposal of 8 million cubic meters of material, which will further reduce Paraiso (Paradise) Hill from 46 meters to 27.5 meters above sea level.
It also calls for the construction of approximately 2.5 kilometers of access roads and the clearing of 190 hectares of land bearing munitions and explosives, remnants from former U.S. military training in Panama.
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