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

Share this article

Follow Dredging Today

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

2019 Western Dredging Association Gulf Coast Chapter Annual Meeting

The meeting will provide a forum for the exchange of information of interest to the dredging industry and its associates.

read more >

Global Dredging Forum

2 day conference on the commercial activities of ports. How to meet the global demands of new vessels in an increasingly competitive market.

read more >

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

DREDGING FOR SUSTAINABLE INFRASTRUCTURE INDIA

At this 1-day conference, you will experience what it means to apply this new approach in practice.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply