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Spanish-Mexican-Costa Rican Team Submits Low Bid for Second Biggest Panama Canal Contract

Publication Date: 12/23/2009
Author: C.J. Schexnayder
Format: HTML

A construction consortium from Spain, Mexico and Costa Rica has outbid three other competitors for the second-largest contract awarded in the Panama Canal’s $5.2-billion Third Lane Expansion effort, eclipsed only by the price tag for design and construction of the waterway’s new locks. Fomento de Construcciones y Contratas, S.A. (FCC), along with Mexico’s Empresas ICA and Constructora MECO of Costa Rica, submitted a bid of $268 million for the fourth and final contract to construct a 6.7-kilometer-long access channel on the canal’s Pacific side.

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