GUPC Announcement of Suspension Goes Against Third Set of Locks Contract

The Panama Canal Authority (ACP) has warned that the suspension announced for today by Grupo Unidos por el Canal, S.A. (GUPC) is not valid, lacks merit and goes against what is established in the Contract for the Design and Construction of the Third Set of Locks.

Currently, the production levels are low in the new locks project without any justification.

The suspension announced on December 30, 2013 and reiterated by GUPC Thursday, January 16, 2014 in a letter to the ACP, is based on the wrongful application of Sub-Clause 16.1 of the Contract – cited by the consortium to justify the suspension – because this clause provides the right to suspend work only when the employer has failed to issue payment to the contractor. However, this is not the case and, therefore, such notice of intent to suspend work lacks merit. In fact, the ACP pays GUPC within the first 15 days after the invoice is presented, significantly in advance of the contractually-stated period of 56 days.

Furthermore, during the weekend, ACP has maintained communication with the head of Sacyr, leader of the consortium GUPC, to find a solution to the current situation. The ACP will review all proposals presented formally and always within the provisions of the contract.

In addition, the ACP rigorously and continuously monitors the developments in the field in order to keep track of everything that involves a reduction of work and the suspension announced for tomorrow. Today, the ACP Administrator, executives and technical personnel conducted an inspection of the construction site in the Pacific to witness first-hand the progress.

Press Release, January 20, 2014

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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