The Panama Canal Authority (ACP) has decided to provide an extension for the locks proposal due date after hearing what was involved from interested companies.
The extension is in line with the overall timeline of the expansion project and the programme remains on track. ACP has already planned for such contingencies, said the authority in a statement.
The four global consortia are in the running for the contract and now have until December 10 to submit bids for what will be the largest and most important project under the US$5.25 billion expansion, the ACP said.
The ACP had received requests from the consortia to extend the proposal due date and has "listened to their needs". Additional time given to the consortia will result in "more fully developed bids on both the technical and price proposals, ultimately benefiting the expansion project," said the statement.
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