Panama Canal Launches Tender for New Water Management System
Tender for new water management system at the Panama Canal
The Panama Canal Administration published on September 7, 2020, a Request for Qualifications (RFQ) for the engineering, procurement, and construction of a water management system that will guarantee an adequate water supply for Canal operations and local consumption the next 50 years.
The Administration of the Panama Canal (ACP) said that with the publication of RFQ, the process for the development of the “optimized water resource management system begins, which considers a portfolio of projects to strengthen and modernize the current system and guarantee the water supply. “
Interested parties must submit, no later than November 12, financial and technical information, along with the history of successful project execution, which will be evaluated by the Panama Canal to choose the prequalified firms before the end of this year.
While investment figures for the water management project were not provided, a report from Moody’s released last July indicated that the investments required to “address the scarcity” of the water resources “are estimated to be between US$1 and US$1.5 billion.”