Panama Canal Refutes Contract Claim

Tuesday, October 11, 2005
The following is a statement from the Panama Canal Authority.

Reports from AFP and Reuters from Madrid have given the impression that the Panama Canal Authority (ACP) has awarded a contract for Canal expansion to the Spanish construction firm, Fomento de Construcciones y Contratas (FCC). This is inaccurate.

The ACP has not made a decision to recommend expansion of the Canal. As such, no expansion contract has been awarded to any firm.

The ACP has an ongoing program of improving and modernizing the Canal through various ways such as improving the alignment and deepening the navigational channels to increase capacity, increasing visibility along the waterway to aid traffic, and other similar projects. This program is in no way connected with the expansion of the Canal. In August, to continue our efforts toward modernization, the ACP awarded a contract in a public bid to Corporaci├│n M&S Internacional C.A.,S.A, to improve the traffic visibility at the Gaillard Cut for $14.5 million.

This improvement project was approved in 2003 and was initiated that same year. A source from M&S informed the ACP that FCC acquired shares from this company. This may have generated the confusion on this matter. The ACP is requesting FCC to clarify the information.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navigation

New e-Navigation Technologies from Transas

Transas Marine introduced new software solutions for voyage planning and fleet management at SMM 2014 as a step towards becoming the forerunner in the development of e-Navigation technologies.

Bulgarian Naval Academy Installs VSTEP Simulators

The Nikola Vaptsarov Naval Academy in Varna purchased a 360┬░ Class A Full Mission Bridge simulator and an Incident Management Simulator for training of its Naval and Merchant marine students.

Maritime Academy Awarded DHS Grant for Arctic Training

Maine Maritime Academy receives $450,000 grant From U.S. Department of Homeland Security for ice navigation and maritime first responder courses for the Arctic Maine

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1312 sec (8 req/sec)