ACP: Counterproposal to GUPC to Resume New Locks Project

The Panama Canal Authority (ACP) sent its counterproposal to the Grupo Unidos por el Canal S.A. (GUPC) that will enable the continuation of work in the new locks project.

The proposal does not increase the contract price or accepts any of the claims, which must be presented following the mechanisms established in the contract. It is based on the parties contributing financial resources to resume work as soon as possible.

This proposal, subject to the revision and approval of the parties, sets specific dates for GUPC’s delivery of the lock gates and the completion of the works. In addition, ACP would extend the moratorium for the repayment of advances to the extent that GUPC meets the required delivery schedule.

The main component of this proposal is that the contractor must meet various milestones during the remainder of the contract.

Press Release, February 8, 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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