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Dredging International wins £27M Panama Canal contract

The Panama Canal Authority (ACP) announced last week that Dredging International has won the $40M (£27M) contract to dredge an area of the Panama Canal’s man-made body of water, Gatun Lake.

“We are pleased with the competition for this contract for which several premier dredging firms from around the world submitted proposals,” said ACP executive vice president of engineering and programme management Jorge L. Quijano.

“The ACP has partnered with Dredging Internationalin the past and we are confident in its proven expertise to deliver this important component of the expansion programme,” he added. “Not only has the ACP benefited from a competitive price that is within the estimated budget, but it is also assured of an effective, high quality execution.”

The scope of work for this contract is to widen and deepen the existing navigational channel by dredging approximately 4.6M.m3 in the northern most reaches of the lake.

This contract is one component within the ACP’s fresh water dredging and excavation project for the canal expansion, which includes the dredging and/or excavation of about 30M.m3 in Gatun Lake and the Gaillard Cut (the narrowest stretch of the Panama Canal).

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