Panamanian Contractor Wins First Canal Excavation Contract
A Panamanian contractor landed the first construction contract of the $5.25-billion expansion to the Panama Canal on July 18.
Constructora Urbana S.A., known by its Spanish-language acronym CUSA, submitted the winning bid of $41.1 million for the removal 7.3 million cubic meters of material near the Pacific entrance of the canal. Site work could begin as early as two weeks after the Panama Canal Authority (ACP) gives CUSA the order to proceed, officials said.