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 Corporación 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 February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navigation

USS Jason Dunham Enters U.S. 6th Fleet

The Arleigh Burke-class guided-missile destroyer USS Jason Dunham (DDG 109) entered U.S. 6th Fleet’s area of operations in support of U.S. national security interests in Europe March 3, 2015.

VesselVanguard Partners with Hatteras Yachts

VesselVanguard announced today a new partnership with Hatteras Yachts to provide a five-year subscription for its award-winning maintenance management solution

Winter in US Northeast Takes a Toll on Ferries

With its black hull rumbling against a field of broken ice, the Warren Jr. slowly eased away from a dock in the Boston suburb of Hingham on Tuesday, aiming to clear

 
 
Maritime Security Maritime Standards Navigation Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.1588 sec (6 req/sec)