Dutch dredging company Boskalis Westminster NV has signed a EUR50 million (US$60 million) contract with a unit of Hong Kong's Hutchison Port Holdings to extend the container Port of Balboa at the Pacific side of the Panama Canal, reported Thomson Financial.
The 15-month job, which starts this month, was awarded by Panama Ports Company, a Hutchison subsidiary. Work includes the construction of additional port area, a retaining rock dike and a link structure to the existing berths 16 and 17.
Boskalis will deploy its American Stuyvesant trailing suction hopper, a large backhoe and transport barges for the job. Civil engineering will be done by Intercoastal Marine Inc, of Panama.
The project is designed to meet the growing container traffic through the Panama Canal, which will be deepened and expanded with additional post-panamax locks in coming years.
The 15-month job, which starts this month, was awarded by Panama Ports Company, a Hutchison subsidiary. Work includes the construction of additional port area, a retaining rock dike and a link structure to the existing berths 16 and 17.
Boskalis will deploy its American Stuyvesant trailing suction hopper, a large backhoe and transport barges for the job. Civil engineering will be done by Intercoastal Marine Inc, of Panama.
The project is designed to meet the growing container traffic through the Panama Canal, which will be deepened and expanded with additional post-panamax locks in coming years.