The Panama Canal Authority (ACP) received proposals from three world-class consortia to design and build the new set of Canal locks – the largest contract under the $5.25b Expansion Program. The proposals have been separated into two categories – technical and price – with the technical proposals to be assessed first. The price proposals were placed into a sealed container, escorted by ACP Contracting Officer Adriano Espino (pictured left) to the Panama National Bank, and locked into a vault. The price proposals will not be opened until the technical proposals have been evaluated.