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Proposals for Design of New Bridge Received by Panama Canal Authority

Date: 12-MAY-2011

PANAMA CITY, Panama, May 12, 2011 - The Panama Canal Authority (ACP) received six proposals from around the world for the design of the first-ever bridge on the Atlantic side of the waterway, at a public event held Tuesday in Panama.

Currently, the Bridge of the Americas and the Centennial Bridge, on the Pacific side, provide the only routes for vehicles to cross the Canal.

This new bridge will be the third across the Canal and the first located near the Gatún Locks, spanning the west and east sides of the city of Colon.

The following proposals were presented:

Company  Price 
 TYPSA Principia  USD $4,995,150
 URS Holdings  USD $6,150,021
 Puente de Colón JV  USD $7,212,000
 ARUP  USD $8,542,017
 China Communications Construction Company / Louis Berger Group  USD $4,662,352
 Ty Lin International  USD $9,669,231

The contract consists of both the design of a bridge made of braced concrete and the design for access roads to the bridge.

The bids were solicited according to a 2006 law based on the referendum to move forward with the expansion of the Panama Canal, which requires an option for vehicular crossing over the Atlantic side of the Canal.

The ACP is currently evaluating the lowest cost proposal, jointly submitted by the China Communications Construction Company and the Louis Berger Group. A contract will be awarded if it is determined that this proposal meets all project needs.

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 visit http://www.pancanal.com/. You can also follow us on Twitter: http://twitter.com/thepanamacanal.


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