Panama, from Sacyr Impregilo-lowest bid, title Milan climbs to
Wednesday, July 8, 2009 17:11
PANAMA, July 8 (Reuters) - The consortium Sacyr-Impregilo (IPGI.MI: Quote www.impregilo.it ) submitted the lowest bid in the competition for the expansion of the Panama Canal.
said the Panama Canal Authority (ACP) today opened the envelopes with the offers.
The consortium participated by the Italian construction group made an offer from $ 3.12 billion, below the targets of the Authority which had as its target a cost of 3.48 billion. In Piazza Affari
Impregilo reacted with enthusiasm: around the same before the announcement, the title goes up to 17.05 2.1% at 2.4275 euro after scoring a maximum of € 2.47.
- Impregilo: 3.12 bln usd offer for doubling Panama Canal * 07/08/2009 17:42
- Impregilo: improved financial offer on Panama Canal (DJ) * 07/08/2009 16:58
- Impregilo: offers 3.12 bn usd per doubling Panama Canal 07/08/2009 16:56
- Impregilo: up invitation envelopes are opened tomorrow Panama canal 07/07/2009 10:34
Impregilo: competing for Panama canal, result in May (WSJ)
NEW YORK (Dow Jones) - There are four consortia competing for the project to double the Panama Canal, including one who sees the presence of Impregilo . The Authority 'of the Panama Canal, the Wall Street Journal quoting the head of the Authority' Alberto Alemanno, should assign the contract at the end of May.
The project aims to double the capacity 'to channel traffic through the construction of new locks and part of an expansion plan that should be achieved by 2014. The cost for design and construction of locks and 'expected at 2.73 billion dollars, compared with 5.25 billion of the overall project.
The four consortia have until March 3 to submit a tender. The first consortium and 'Canal Consortium formed by the English Acciona and FCC and Germany's Hochtief, the second and' formed by Consorcio Atlantico Pacifico de Panama with the French Bouygues, Vinci and Alstom, Germany's Bilfinger Berger and the Brazilian Costrutora Queiroz
Galvao, the third consortium and 'formed by the U.S. Bechtel with the Japanese Taisei and Mitsubishi, the fourth consortium' consisting of Constructora Urbana Impregilo with the Italian and English Sacyr Vallehermoso.
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