Search results for: GUPC

525 results

A list of search results

  • 15 November 2012

    A lawsuit was filed in Miami-Dade County Circuit Court on behalf of Plaintiff Ferguson Enterprises, Inc. against Grupo Unidos Por El Canal, S.A., a consortium of leading construction companies. The group includes Spain’s Sacyr Vallehermoso, Italy’s Impregilo, Belgium’s Jan de Nul and Panama’s Constructora Urbana (Cusa). GUPC is based in Panama City, Panama. The consortium […]

  • 5 January 2015
    Business & Finance

    The Grupo Unidos por el Canal (GUPC) consortium said it has won a USD 234 million settlement in a dispute concerning cost overruns in the construction of the third set of locks at the Panama Canal. As announced,  independent technical organization the Dispute Adjudication Board (DAB) established within the framework of the contract between GUPC and […]

  • 6 February 2014
    Business & Finance, Equipment, Technology

    The international consortium of leading infrastructure firms constructing the Panama Canal third set of locks expansion project continues to seek a solution for funding the completion of the project and completion of the works in 2015, even as the Autoridad del Canal de Panama (ACP) broke off negotiations, announced gupc.com.pa. The break in negotiations puts the […]

  • 15 February 2016
    Business & Finance

    Testing of the reinforcements in sill #3 of the Cocolí locks within the Third Set of Locks Project of the Panama Canal has been successfully completed by the project’s contractor Grupo Unidos por el Canal (GUPC), the Panama Canal Authority (ACP) said. GUPC technical personnel, the designers and ACP specialists monitored the testing process which consisted of […]

  • 9 June 2015
    Business & Finance

    Grupo Unidos por el Canal, S.A. (GUPC), the main contractor responsible for the design and construction of the Panama Canal’s third set of locks, is scheduled to open this week the five valves that will mark the beginning of the process of flooding of the new locks on the Atlantic side. According to GUPC’s project manager, […]

  • 19 February 2014
    Business & Finance, Equipment, Technology

    GUPC, the consortium of leading international construction firms, has signaled hope for an agreement with ACP to resolve the funding issues affecting for the Third Set of Locks Panama Canal expansion project. While cautioning that there are still issues to be resolved, GUPC confirmed that talks with ACP are ongoing and expected to continue. GUPC […]

  • 8 February 2014
    Business & Finance, Equipment, Technology

    The Panama Canal Authority (ACP) sent its counterproposal to the Grupo Unidos por el Canal S.A. (GUPC) that will enable the continuation of work in the new locks project. The proposal does not increase the contract price or accepts any of the claims, which must be presented following the mechanisms established in the contract. It is based […]

  • 1 October 2015
    Business & Finance

    The seepage found in the concrete sill between the lower and middle chamber of the Panama Canal’s expanded Pacific Locks was the result of insufficient steel reinforcement in the area which was subjected to stress from extreme condition testing, according to Grupo Unidos por el Canal (GUPC), the contractor responsible for the design and construction of […]

  • 1 October 2015
    Business & Finance

    The seepage found in the concrete sill between the lower and middle chamber of the Panama Canal’s expanded Pacific Locks was the result of insufficient steel reinforcement in the area which was subjected to stress from extreme condition testing, according to Grupo Unidos por el Canal (GUPC), the contractor responsible for the design and construction of […]

  • 7 January 2014
    Business & Finance, Equipment, Technology

    To the best interest of each of the parties involved and abiding by the contract, the Panama Canal Authority (ACP) issued a proposal to the contractor of the new locks, Grupo Unidos por El Canal S.A. (GUPC), for the joint contribution of $283 million to the project by the contractor and ACP. This contribution would […]

  • 4 August 2014
    Business & Finance

    The Panama Canal Authority (ACP) and the consortium Groups Unidos por el Canal (GUPC) signed on August 1st the variation incorporating to the original contract the agreement reached in March for completion of the Third Set of Locks project.   “What remains now is to continue working with the commitment to complete the Expansion which […]

  • 10 February 2014
    Business & Finance

    The Panama Canal Authority (ACP) sent Grupo Unidos por el Canal, S.A. (GUPC) a counterproposal that will enable the continuation of work in the new locks project. “While we prepare to take the actions allowed within the contract to reactivate the project,” said Panama Canal Administrator Jorge L. Quijano. “We maintain open the possibility of […]

  • 19 March 2015
    Business & Finance

    The Panama Canal Authority (ACP) and the consortium expanding the canal have separately sought international arbitration over a cement quality dispute. The ACP wants a panel of international arbitrators to review a decision to award USD 234 million to Grupo Unidos por el Canal (GUPC), the contractor for the design and construction of the third set of locks, formed […]

  • 8 September 2015
    Business & Finance

    Panama Canal Authority (ACP) is now awaiting a formal report on the leakage from the newly constructed third set of locks of the long-awaited Panama Canal expansion project from the construction contractor Grupo Unidos por el Canal (GUPC), following detailed inspections. “The report will be inclusive of the root cause analysis conducted, as well as the […]

  • 28 February 2014
    Business & Finance

    The Panama Canal Authority (ACP) said it has ended talks with the new locks project contractor Grupo Unidos por el Canal, S.A. (GUPC), through which a conceptual agreement has been reached subject to documentation, review and final signature by the parties. The conceptual agreement falls within the terms of the Contract for the Design and […]

  • 20 February 2014
    Business & Finance, Equipment, Technology

    The new locks contractor Grupo Unidos por el Canal, S.A. (GUPC) yesterday accepted Panama Canal Authority’s (ACP) repeated request and agreed to restart the construction of the Third Set of Locks project today. GUPC is formed by companies Sacyr Vallehermoso, S.A (Spain), Impregilo, S.p.A. (Italy), Jan de Nul Group and Constructora Urbana, S.A. (CUSA) (Panama). […]

  • 21 March 2014

    The agreement between the Panama Canal Authority (ACP) and Grupo Unidos por el Canal. S.A. (GUPC) takes effect after being signed by all the parties. As announced on February 27, the agreement falls within the terms of the Contract for the Design and Construction of the Third Set of Locks and does not include any […]

  • 8 September 2015
    Business & Finance

    Panama Canal Authority (ACP) is now awaiting a formal report on the leakage from the newly constructed third set of locks of the long-awaited Panama Canal expansion project from the construction contractor Grupo Unidos por el Canal (GUPC), following detailed inspections. “The report will be inclusive of the root cause analysis conducted, as well as the […]

  • 20 February 2014
    Business & Finance

    The new locks contractor Grupo Unidos por el Canal, S.A. (GUPC) accepted Panama Canal Authority’s (ACP) repeated request and agreed tonight to restart on Thursday, February 20 the construction of the Third Set of Locks project. GUPC is formed by companies Sacyr Vallehermoso, S.A (Spain), Impregilo, S.p.A. (Italy), Jan de Nul Group (Belgium) and Constructora […]

  • 10 January 2017
    Business & Finance

    Grupo Unidos por el Canal (GUPC), a consortium that built the Expanded Panama Canal, has increased its claim related to cost overruns in the expansion of the waterway to USD 5.67 billion, Spanish media reported. GUPC, which includes Spain’s Sacyr, Italy’s Salini – Impregilo, Belgium’s Jan De Nul and Panama’s Constructora Urban, SA (CUSA), was awarded the […]

  • 6 January 2014
    Business & Finance, Equipment, Technology

    After analyzing the letter received on December 30, 2013 by the new locks contractor Grupo Unidos por el Canal, S.A. (GUPC), which was made public on January 1 by GUPC, the Panama Canal Authority (ACP) determined that it is not valid and that the arguments raised by the contractor in the note lack legal basis […]

  • 21 December 2015
    Business & Finance

    The official inauguration of the expanded Panama Canal scheduled for April 2016 will have to be delayed yet for another time due to necessary repairs. The expansion project’s contractor Grupo Unidos por el Canal (GUPC) confirmed the feasibility of the functional delivery of the work in April 2016. However, the Panama Canal Authority (ACP) wants […]