PROPOSALS FOR DESIGN OF NEW BRIDGE RECEIVED BY PANAMA CANAL AUTHORITY

News Release Panama Canal Authority May 13, 2011

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PANAMA
CITY, Panama, May 12, 2011 – The
Panama Canal Authority (ACP) received six proposals from around the world for
the design of the first-ever bridge on the Atlantic side of the waterway,
at a public event
held Tuesday in Panama.
 
Currently,
the Bridge of the Americas and the Centennial Bridge, on the Pacific side,
provide the only routes for vehicles to cross the Canal. 
 
This
new bridge will be the third across the Canal and the first located near the
Gatún Locks, spanning the west and east sides of the city of Colon.

 
The
following proposals were presented:
 
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Company</TD>
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Price</TD></TR>
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TYPSA Principia</TD>
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USD $4,995,150</TD></TR>
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URS Holdings</TD>
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USD $6,150,021</TD></TR>
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Puente de Colón JV</TD>
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USD $7,212,000</TD></TR>
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ARUP</TD>
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USD $8,542,017</TD></TR>
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China
Communications Construction Company / Louis Berger Group</TD>
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USD $4,662,352</TD></TR>
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Ty Lin International</TD>
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USD $9,669,231</TD></TR></TBODY></TABLE></DIV>
 
The
contract consists of both the design of a bridge made of braced concrete and the
design for access roads to the bridge. 
 
The bids were
solicited according to a 2006 law based on the referendum to move forward with
the expansion of the Panama Canal, which requires an option for vehicular
crossing over the Atlantic side of the Canal.
 
The ACP
is currently evaluating the lowest cost proposal, jointly submitted by the China
Communications Construction Company and the Louis Berger Group. A contract will
be awarded if it is determined that this proposal meets all project needs.

 
About
the Panama Canal Authority (ACP)
The ACP
is the autonomous agency of the Government of Panama in charge of managing,
operating and maintaining the Panama Canal. The operation of the ACP is based on
its organic law and the regulations approved by its Board of Directors. For more
information, please visit <A
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