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Caribbean & Central America - July 2007 (ISSN 1741-4458)
Doubts over transparency of canal tender
A Panamanian company, Constructora Urbana S.A. (CUSA), won the first public tender for a contract related to the Panama Canal expansion project on 6 July. The fact that CUSA won the contract indicates that one of the concerns raised by opponents of the project, that the canal's expansion would only benefit foreign construction companies, is unfounded. However, the CUSA bid seems to imply that another concern raised by the project's detractors, that the lack of transparency within the agency that oversees the administration of the waterway, the Autoridad del Canal de Panamá (ACP), would allow the project to fall foul of corruption.
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