Meco Consortium Wins Panama Canal Contract
(Panama-Guide) Telemetro Reporta - The Meco Consortium, formed by companies from Costa Rica, Spain and Mexico, won the fourth dry excavation contract for the Panama Canal, one of the largest parts of the program to expand the canal that will allow larger ships to use the waterway, according to the Panama Canal Authority (ACP). MECO bid $267.8 million dollars, or $27 million less than their closest competitor said the ACP. "Work should begin early next year and we calculate it should end in 2013," said the head of the ACP, German Alberto Zubieta, at the event were the envelopes containing the proposals were opened.
