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

Strait of Hormuz Closure Curbs Dry Bulk Demand

Wittlin Named CEO of GLO Marine

CSP Iberian Bilbao Terminal Receives STS Crane

Current News

BIMCO Adopts Time Charter Party to Target Emerging CO2 Trade

Vale to Double Iron Ore Carrier Fleet

Asia Pacific Ports Collaborate Cross-Sector to Advance Hydrogen, E-Fuel Readiness

Russia Adds Four LNG Carriers to Fleet

Subscribe for Maritime Logistics Professional E‑News