A joint U.S.-European group has presented the low bid to analyze the options for a vehicular crossing at the Atlantic entrance of the Panama Canal, officials said on Monday.
San Francisco-based URS Corp. and the Danish firm COWI A/S submitted a bid of $895,000—the lowest of five tendered—to examine the possibilities of a permanent crossing at the historic waterway’s Atlantic entrance that will allow uninterrupted traffic on that side of the isthmus.