MARITIME AFFAIRS

GUPC says tests of new locks concluded

Temas:

The consortium Grupo Unidos por el Canal (GUPC) reported that on Tuesday the htird set of locks had reached "full functionality."

"This means that the work has been tested for operations to satisfy the specifications of the Panama Canal Authority," said GUPC through a press release.

"The project is ready to receive the first vessel, showing that it works perfectly and that we continue to meet fully the requirements of the contract," GUPC added.

GUPC said the remaining work is on the aesthetics of the project: such as landscaping and painting buildings.

The canal expansion program is budgeted at $5.25 billion, which included dry excavation and dredging in addition to the construction of the third set of locks. GUPC won the bid to design and construct the locks for $3.118 billion.

The Panama Canal Authority received the report June 1 at 3 p.m.

"The authority will conduct a detailed review of the report, in order to proceed with appropriate action and respond to the contractor, which represents an important landmark prior to the acceptance of the work," it said in a statement.

Administrator Jorge Luis Quijano said he is pleased to have reached this milestone.

The new locks are scheduled to open June 26.

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