Panama Canal, after receiving more than 250 potential bidder inquiries on the tender for the new water management system has amended the prequalification document for the tender for its engineering, design and construction. The amendment preserves the financial and technical requirements of the request for qualifications (RFQ), including a successful track record of project execution.
“Based on the information received from interested companies and market conditions, modifications have been made to the process to strengthen the viability of the project, as well as its attractiveness to potential bidders,” said Vice President of Water Projects at the Panama Canal, José Reyes.
The optimized water resource management system consists of a portfolio of projects to strengthen and modernize the current one. The goal is to guarantee the water supply for half of the country’s population, concentrated in the provinces of Panama, Colon and West Panama, in addition to the operation of the Canal, for the next 50 years, considering sustainable development and socio-environmental management.
Among the changes, the first component now focuses on the development of solutions to maximize the storage of water within the Panama Canal watershed, covering two pillars of the program: water storage and technological integration of the system. As the watershed is not expected to have the capacity to meet the demand for water alone in a sustainable manner, the Canal will launch the second component of the program.
This second component will be executed through contracts for the study, design and construction of a solution that complements the water volumes achieved by maximizing storage in Gatun Lake, an outcome of the program´s first component.
This tender is the first component of a program that, as a whole, will still maintain the objective of managing water resources in an integrated manner to provide an adequate water supply for both Canal operations and local consumption for the next 50 years. With these modifications, competition will be encouraged without altering the project schedule.
Interested companies are expected to submit their applications for prequalification by January 2021.
Source: Hellenic Shipping News