The consortium, formed by China Construction Communication Company and China Harbour Engineering Company, won the tender with a bid of US$1,420 million even though the consortium’s bid had not obtained the highest combined score in the technical and economic evaluation.

First place was taken by Dragados, with a bid of US$1,812 million, but the consortium retracted its proposal following its delivery. No official reasons have been presented by the Spanish company for the retraction.

The remaining bidders were disqualified. The consortium Cuarto Puente CSCEC-CREC, formed by China Sate Construction Engineering Company and China Railway Group, was disqualified for not satisfying all technical requirements; and Astaldi-Daelim, formed by Astaldi and Daelim, for presenting a US$1,211 million bid that was considered too far below the US$1,607 million reference cost established by Panama’s Ministry of Public Works.

The bids were evaluated by a new commission that had been established following the MOP’s annulment of the original evaluation report earlier in the month (click here to read more).

The announcement was made on Friday 29 June after sealed envelopes were opened in public.