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Panama Canal Announces Best Value Proposal for Vehicular Crossing

Date: 22-FEB-2010

  • GROUP URS-COWI GARNERS HIGHEST SCORE FOR TECHNICAL AND PRICE SUBMISSIONS

PANAMA CITY, Panama, February 22, 2010 - The Panama Canal Authority (ACP) determined the "best value" proposal for the permanent vehicular crossing on the Atlantic side of the Panama Canal last Thursday. Group URS-COWI garnered the highest points for its combined technical and price scores. The new vehicular crossing will allow uninterrupted ground transportation to cross the Panama Canal on the Atlantic side via a bridge or tunnel.

The ACP Contracting Officer will now examine and validate the "best value" price proposal and will also verify the contractor's qualifications pursuant to the established ACP contracting regulations prior to awarding the contract. Once the contract is awarded and the order to proceed is issued, URS-COWI will have 240 days to submit its final plans and determine if the crossing should be a bridge or a tunnel.

Below are the companies that submitted bids and the corresponding bid prices.

COMPANY BID PRICE
Moffat & Nichol/ Arup USA, Inc. $954,059.00
URS / COWI $895,000.00
TYPSA / CFC SL $1,495,000.00
T - Y - Lin/ Fugro Panamá/ Mott MacDonald/ Onmiconsult $943,000.00
The Louis Berger Group/ Amman&Whitney/ D2 Consult $1,248,713.92
(Note: All prices in U.S. dollars.)

URS Corporation is a leading provider of engineering, construction and technical services for public agencies and private sector companies around the world. COWI is a highly recognized engineering group from Europe that has participated in more than 50,000 projects in 175 countries.

About the Panama Canal Authority (ACP)
The ACP is the autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. The operation of the ACP is based on its organic law and the regulations approved by its Board of Directors. For more information, please refer to the ACP's Web site: http://www.pancanal.com/. You can also follow us on Twitter: http://twitter.com/thepanamacanal.


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