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Mon May 27 2024

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Vinci lands U$366m Panama bridge deal

1 Nov 12 Vinci Construction Grands Projets has won a US$366m (£227m) contract to build a cable-stayed bridge on the Atlantic side of the Panama Canal.

Vinci Construction Grands Projets of France submitted the lowest of the three competing bids. It beat a US$430m bid from the Brazilian and Korean team of Odebrecht - Hyundai Joint Venture and one of US$387m from the Spanish/Mexican consortium Acciona Infraestructuras – Tradeco.

An evaluating committee had reviewed the technical aspects and previous experience, as well as the financial capacity, of each bidder.

The double-plane, twin pylon, cable-stayed bridge will carry two lanes of traffic in each direction. Its total length will be 4.6km and it will stand 75m above sea level.

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