Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DB
# of Projects: 1
100% of the Results

Background informationProject Created: June 17, 2009

Project Name: Panama Canal (Third Set of Locks)
Year in Operation:
Sector: Transportation
Subsector: Transportation Terminal
Status: Design / Construction
Type: New Facility
Description: Largest portion of the megaproject to expand the Panama Canal. Design and construction of third set of locks in each direction to establish a third lane for shipping traffic through the canal. The Third set of locks will accommodate ships that are more than 100 meters longer and 30 percent wider than current lanes.
Delivery Method as described in the country where it's located: Design Build
Is the project still active: Yes
Comments: The project was approved by the National Assembly, the Cabinet, and a referendum in 2006.

Project Locations

Address:
City:
State:
Country: Panama, Republic of

Address:
City: Panama City
State:
Country: Panama, Republic of

Address:
City: Colon
State:
Country: Panama, Republic of

Address:
City: Cocli
State:
Country: Panama, Republic of

Address:
City: Gatun
State:
Country: Panama, Republic of

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: The Panama Canal Authority and the government of Panama provides access for construction.
Checkbox Checked Environmental Clearance: Under the Constitution, the Panama Canal Authority is responsible for safeguarding the water resources of the Canal Watershed. The Authority follows the Ecuador Principles for environmental standards. Surveys and studies will be carried out to record and protect the initial conditions of the environment.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Arrow Right
Checkbox Checked

Direct Cash Support: The expansion program will be part of the State's sovereign debt. Funds to service the debt will be collected through toll increases.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for both initial design and construction with a single entity. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? No

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Initial Design and Construction
5
1
Forms
Description
Other
Government of Panama 

Project Value (If and As Known)

Date of Estimated Project Value: August 1, 2009
Project Value
Hard Cost
Hard & Soft Costs
Construction
$1-5 Billion US
(none)
Total
$2-10 Billion US
(none)
Array ( )

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