The Panama Canal Authority (ACP) has awarded a $43 million contract to Dutch company IHC Engineering Business Ltd., a part of IHC Merwede Group, for the design and construction of a new backhoe dredge.
The addition of this new dredge to the ACP’s existing fleet in December 2012 will increase the ACP’s ability to effectively dredge as part of the Expansion Program and future maintenance projects.