PANAMA CITY, Panama, July 20, 2009 – Reporters crowd around Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta (pictured left) after the ACP announced Grupo Unidos por el Canal as the “best value” consortium to design and build the Canal’s new set of locks July 8.

Grupo Unidos por el Canal, composed of Sacyr Vallehermoso S.A., Impregilo S.p.A., Jan De Nul n.v. and Constructora Urbana, S.A., was one of three consortia vying for the contract and determined the winner through a fair, rigorous and transparent process put into place by the ACP.

Following a final review of the consortium’s price and technical proposals, the ACP officially awarded the contract to Grupo Unidos por el Canal July 15.

About the Panama Canal Authority
The Panama Canal Authority (ACP) is the autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. The ACP is governed by its organic law and the regulations approved by its Board of Directors. For more information, please refer to the Panama Canal Authority’s Web site: www.pancanal.com/