Search results for: GUPC

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  • 22 January 2014

    Grupo Unidos por el Canal (GUPC) proposed co-financing of the unexpected costs to the Panama Canal Authority (ACP) in the Panama Canal expansion contract. The expansion of the Panama Canal is a strategic project for the world’s economy and global security. Maritime traffic throughout the world is anticipating the opening of the passage for larger […]

  • 15 November 2012

    A lawsuit was filed in Miami-Dade County Circuit Court on behalf of Plaintiff Ferguson Enterprises, Inc. against Grupo Unidos Por El Canal, S.A., a consortium of leading construction companies. The group includes Spain’s Sacyr Vallehermoso, Italy’s Impregilo, Belgium’s Jan de Nul and Panama’s Constructora Urbana (Cusa). GUPC is based in Panama City, Panama. The consortium […]

  • 8 February 2014
    Business & Finance, Equipment, Technology

    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 […]

  • 6 February 2014
    Business & Finance, Equipment, Technology

    The international consortium of leading infrastructure firms constructing the Panama Canal third set of locks expansion project continues to seek a solution for funding the completion of the project and completion of the works in 2015, even as the Autoridad del Canal de Panama (ACP) broke off negotiations, announced gupc.com.pa. The break in negotiations puts the […]

  • 19 February 2014
    Business & Finance, Equipment, Technology

    GUPC, the consortium of leading international construction firms, has signaled hope for an agreement with ACP to resolve the funding issues affecting for the Third Set of Locks Panama Canal expansion project. While cautioning that there are still issues to be resolved, GUPC confirmed that talks with ACP are ongoing and expected to continue. GUPC […]

  • 7 January 2014
    Business & Finance, Equipment, Technology

    To the best interest of each of the parties involved and abiding by the contract, the Panama Canal Authority (ACP) issued a proposal to the contractor of the new locks, Grupo Unidos por El Canal S.A. (GUPC), for the joint contribution of $283 million to the project by the contractor and ACP. This contribution would […]

  • 21 March 2014

    The agreement between the Panama Canal Authority (ACP) and Grupo Unidos por el Canal. S.A. (GUPC) takes effect after being signed by all the parties. As announced on February 27, the agreement falls within the terms of the Contract for the Design and Construction of the Third Set of Locks and does not include any […]

  • 20 February 2014
    Business & Finance, Equipment, Technology

    The new locks contractor Grupo Unidos por el Canal, S.A. (GUPC) yesterday accepted Panama Canal Authority’s (ACP) repeated request and agreed to restart the construction of the Third Set of Locks project today. GUPC is formed by companies Sacyr Vallehermoso, S.A (Spain), Impregilo, S.p.A. (Italy), Jan de Nul Group and Constructora Urbana, S.A. (CUSA) (Panama). […]

  • 8 May 2014
    Business & Finance, Equipment, Technology

    The suspension of productive work on the Panama Canal’s Third Set of Locks Project that began on April 23rd, after a decision made by the Construction Workers Union (SUNTRACS for its initials in Spanish) while negotiating working conditions with the Panamanian Chamber of Construction (CAPAC), is keeping the construction paralyzed. Once this strike call is […]

  • 6 January 2014
    Business & Finance, Equipment, Technology

    After analyzing the letter received on December 30, 2013 by the new locks contractor Grupo Unidos por el Canal, S.A. (GUPC), which was made public on January 1 by GUPC, the Panama Canal Authority (ACP) determined that it is not valid and that the arguments raised by the contractor in the note lack legal basis […]

  • 2 June 2016
    Business & Finance, Project & Tenders

    Following months of work, the GUPC (Grupo Unidos por el Canal) this week brought to full operability the Third Set of Locks. This means that the operation of the locks has been satisfactorily tested according to the specifications of the Panama Canal Authority. “The project is ready to receive the first ships, proving that it works to […]

  • 20 January 2014
    Business & Finance, Equipment, Technology

    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 […]

  • 15 February 2016
    Business & Finance

    The Panama Canal has announced that Grupo Unidos por el Canal (GUPC), the consortium responsible for the design and construction of the Third Set of Locks Project, has successfully completed testing of the reinforcements in sill #3 of the Cocoli locks.   GUPC technical personnel, the designers and Panama Canal Authority (ACP) specialists monitored the […]

  • 14 August 2012

    The GUPC Consortium is claiming $573 million from the Panama Canal Authority for breach of contract, reports newsroompanama.com. Ricardo Gonzalez, the Project Manager, said: “We’re not asking for anything more or less.” Alemán Zubieta, the Chief Executive Officer of the Panama Canal Authority, stated that complaints are normal when the contractor faces different conditions and […]

  • 10 February 2014
    Business & Finance, Equipment, Technology

    GUPC has announced that they will continue its efforts to find a solution and reach an agreement with ACP, and has delivered a new proposal that takes into account the concerns of ACP while providing funding necessary to finish the Third Set of Locks project. Pending an agreement, works on the Third Set of Locks […]

  • 28 February 2014
    Business & Finance, Equipment, Technology

    The Panama Canal Authority (ACP) announced the end of talks with the new locks project contractor Grupo Unidos por el Canal, S.A. (GUPC), through which a conceptual agreement has been reached subject to documentation, review and final signature by the parties. The conceptual agreement falls within the terms of the Contract for the Design and […]

  • 4 August 2014
    Business & Finance, Equipment, Technology

    The Panama Canal Authority (ACP) and the consortium Groups Unidos por el Canal (GUPC) signed the variation incorporating to the original contract the agreement reached in March for completion of the Third Set of Locks project. “What remains now is to continue working with the commitment to complete the Expansion which is currently at a […]

  • 6 February 2014
    Business & Finance, Equipment, Technology

    The ACP demanded that Grupo Unidos por el Canal (GUPC), the consortium in charge of the construction of the third set of locks, resume work on the project as required by the contract. After two weeks of negotiations, which saw production levels drop to 25%, almost all activity has ceased. The Canal Administrator, Jorge Quijano, […]

  • 17 March 2014
    Business & Finance, Equipment, Technology

    Grupo Unidos por el Canal (GUPC), the consortium of leading international construction companies, and the Panama Canal Authority (ACP) signed an agreement to facilitate the funding and continued construction of the Third Set of Locks for the Panama Canal Expansion. The agreement supports a cofinancing concept that the Consortium has been pursuing to ensure the […]

  • 29 January 2014
    Business & Finance, Equipment, Technology

    The Panama Canal Authority (ACP) has announced that a meeting between ACP, Zurich American and Grupo Unidos por el Canal, S.A. (GUPC) (formed by the companies Sacyr Vallehermoso, S.A., Impregilo, S.p.A., Jan de Nul Group and Constructora Urbana, S.A. (CUSA)), took place yesterday. The parties agreed to continue the meeting today to further evaluate options to […]

  • 7 April 2015
    Business & Finance, Project & Tenders

    Power management company Eaton today announced it was awarded an additional $5.2 million contract to provide critical electrical installation services for the Panama Canal Expansion Program. Eaton’s contract was awarded by Grupo Unidos por el Canal, SA (GUPC), the contractor responsible for the design and construction of the third set of locks of the expansion […]

  • 16 December 2011
    Business & Finance, Equipment, Technology

    Diversified industrial manufacturer Eaton Corporation has been awarded a three-year, $27 million contract to provide the equipment design, electrical assemblies and engineering services for the distribution and control of electrical power across the Atlantic and Pacific sites of the expanded Panama Canal. The work will be conducted in conjunction with Grupo Unidos por el Canal, […]

  • 19 February 2014
    Business & Finance, Equipment, Technology

    The Panama Canal Authority (ACP) reported that despite efforts to agree with Grupo Unidos por el Canal, S.A. (GUPC) to resume work on the new locks project, positions between the parties remain apart. The ACP considered this week critical to make a decision in order for the construction to restart as soon as possible. This […]

  • 21 February 2014
    Business & Finance, Equipment, Technology

    The Panama Canal Authority (ACP) informed that Grupo Unidos por el Canal. S.A. (GUPC) resumed work on the new locks project. Works restarted yesterday, said Panama Canal Administrator Jorge L. Quijano, and added: “The consortium has guaranteed that it will continue working, which was our main objective so we can move forward and discuss other […]

  • 8 September 2015
    Business & Finance, Project & Tenders

    Earlier in June, the filling of the new locks began, marking the start of a planned and methodical phase of operational testing of the Locks, including its culvert valves, maintenance bulkheads and gates. This stage of testing is meant to timely detect and correct any deficiencies in the project. The Panama Canal technical team is […]

  • 17 February 2016
    Business & Finance, Project & Tenders

    With only few months left till the official opening of the expanded Panama Canal, the ACP (Panama Canal Authority) and Grupo Unidos por el Canal (GUPC) have just released their latest video on the expansion project. Panama Canal Expansion Project, also called the ‘Third Set of Locks Project‘, is the largest infrastructure project since the waterway’s original construction. When fully complete, […]