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Panama Canal Issues RFP for Excavation Projects

Maritime Activity Reports, Inc.

September 28, 2007

The Panama Canal Authority (ACP) released its request for proposal (RFP) Tuesday, September 18, for the second dry excavation project under expansion. This contract is for the second of five excavation projects to create the new Pacific locks access channel. This channel will link the new Pacific locks with the existing Gaillard Cut (the narrowest stretch in the Panama Canal). Details of the RFP are available on the ACP's Online Bidding System:

http://www.pancanal.com/eng/procsales/buy.html

The excavation involves the removal of 7.5 million cubic meters in a stretch of approximately 2.4 kilometers, which will serve as the entrance of the new Pacific access channel.

"Three weeks ago, the world watched as we broke ground on expansion with the beginning of the first dry excavation. Now we have initiated phase two of this crucial project," said Executive Vice President of Engineering and Program Administration Jorge L.

Quijano. "Expansion is on track and we look forward to selecting the best firm for the job, as we work to complete all five dry excavation projects and create the new Pacific access channel."

The scope of work for the second dry excavation project includes the construction of a new section of road and a new crossing over the Cocoli River, in addition to the removal and/or relocation of electrical utilities, telecommunication lines, water lines, sanitation lines, ducts and sewers.

Important dates in the process include an October 2 site visit. This will be followed by an inspection of the geological core, where interested parties will learn about the type of material in the area. The ACP will also host an informational meeting on October 4.

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