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Panama Canal Authority Awards Vehicular Crossing Analysis Contract

Date: 25-FEB-2010

CONSORTIUM URS-COWI WILL DETERMINE VIABLE ALTERNATIVES FOR A PERMANENT BRIDGE OR TUNNEL ON THE ATLANTIC SIDE OF THE CANAL

PANAMA CITY, Panama, February 25, 2010 - The Panama Canal Authority (ACP) awarded the contract for the analysis of a permanent vehicular crossing on the Atlantic side of the Panama Canal to consortium URS-COWI today. Scope of work under the contract includes examining the possibility of building either a bridge or a tunnel north of the existing Gatun Locks and the new post-panamax locks complex, and then determining the best alternative.

The contracting process began November 13, 2009 when the ACP released its request for proposals (RFP) for the analysis. On February 18, 2010, the ACP received five bids for the contract. Following a comprehensive review, the ACP determined that the lowest bidder, URS-COWI, met the requirements of the RFP and awarded the consortium with the contract.

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.)

Once the order to proceed is issued, URS-COWI will have 240 days to present its analysis and final recommendation.

When completed, the new vehicular crossing will allow uninterrupted ground transportation to cross the Panama Canal on the Atlantic side.

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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