PANAMA CANAL AUTHORITY

NEWS RELEASE

PANAMA CANAL ANNOUNCES BEST VALUE PROPOSAL FOR VEHICULAR CROSSING ANALYSIS

PANAMA CITY, Panama, February 22, 2010 – The Panama Canal Authority (ACP) determined the “best value” proposal for the analysis of a permanent vehicular crossing on the Atlantic side of the Panama Canal last Thursday. Group URS-COWI garnered the highest points for its combined technical and price scores. The new vehicular crossing will allow uninterrupted ground transportation to cross the Panama Canal on the Atlantic side via a bridge or tunnel.   The ACP Contracting Officer will now examine and validate the “best value” price proposal and will also verify the contractor’s qualifications pursuant to the established ACP contracting regulations prior to awarding the contract. Once the contract is awarded and the order to proceed is issued, URS-COWI will have 240 days to submit its final plans and determine if the crossing should be a bridge or a tunnel.   Below are the companies that submitted bids and the corresponding bid prices.   COMPANY BID PRICE Moffat & Nichol/ Arup USA, Inc. $954,059.00 URS / COWI $895,000.00 TYPSA / CFC SL $1,495,000.00 T - Y - Lin/ Fugro Panamá/ Mott MacDonald/ Onmiconsult $943,000.00 The Louis Berger Group/ Amman&Whitney/ D2 Consult $1,248,713.92        (Note: All prices in U.S. dollars.)

For more information, contact:

Panama Canal Authority
P.O. Box 526725 (Mailing Address Only)
Miami, FL 33152-6725
United States
Phone: +507-272-7602
Fax: +507-272-7693