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Panama Canal Awards Contract to Build Bridge on the Atlantic Side

Date: 30-OCT-2012

Panama City, Panama, October 30, 2012. The contract to build a bridge on the Atlantic side of the Canal was awarded to Vinci Construction Grands Projets.

The following internationally renowned companies/consortia also pre-qualified and presented their proposals:

  • Odebrecht - Hyundai Joint Venture (Brazil - Korea)
  • Acciona Infraestructuras - Tradeco (Spain - Mexico)

Vinci Construction Grands Projets (France) offered the lowest price and, therefore, was selected as the contractor who will build the bridge.

All the documentation presented was thoroughly analyzed by an evaluating committee conformed by Canal specialists. They reviewed the technical aspects and previous experience, as well as the financial capacity of each company or consortia.

The bridge design is inspired on similar infrastructure work in countries such as Spain, Korea, France, China and Japan. The double-plane, twin pylon, cable-stayed bridge will feature two lanes of traffic in each direction. Its length will be 4.6 kilometers and it will stand 75 meters above sea level.

The bridge will be located 3 kilometers North of Gatun Locks and the new Post-Panamax locks on the Atlantic side province of Colon. Once completed, it will benefit neighboring communities as it will expedite crossing over the Canal. The bridge will be built with reinforced concrete.

The offers made were the following:

Acciona -TRADECO Odebrecht Hyundai Vinci Construction Grands Projets
US$386,619,316.04 US$429,633,298.00 US$365,979,472.39

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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