ACP Demands GUPC to Resume Locks Project Work

Posted by Eric Haun
Wednesday, February 5, 2014

The ACP demanded today that Grupo Unidos por el Canal (GUPC), the consortium in charge of the construction of the third set of locks, resume work on the project as required by the contract. GUPC is formed by the companies Sacyr Vallehermoso, S.A (Spain), Impregilo, S.p.A. (Italy), Jan de Nul Group (Belgium) and Constructora Urbana, S.A. (CUSA) (Panama).

After two weeks of negotiations, which saw production levels drop to 25%, almost all activity has ceased.

The Canal Administrator, Jorge Quijano, stated that ACP continues to try to find a solution, but stressed that the contractor must resume normal activity which is especially crucial during the dry season in Panama.

“ACP continues to keep the door open for a reasonable resolution within the contract,” Quijano reiterated.
 

Categories: Finance Legal People & Company News Ports

Related Stories

Panama Canal Port Workers Threatened with Prosecution After Contract Anulments

Port of Virginia Earns 23rd Consecutive River Star Award

CK Hutchison Concessions Annulled for Two Ports Along the Panama Canal

Current News

OPEC+ Responds to Hormuz Shutdown

Vessels Diverted Around Cape of Good Hope

At Least Three Tankers Hit in Gulf

Xeneta Weekly Ocean Container Shipping Market Update: February 27, 2026

Subscribe for Maritime Logistics Professional E‑News