CHEC opens subregional office in Panama City
New projects necessitate expansion
MULTINATIONAL company China Harbour Engineering Company (CHEC) has opened a subregional office in Panama City to accommodate their expansion in the territory after successful bids for two projects in Panama and Chile.
The company, whose Latin America and Caribbean division is headquartered in Kingston, landed the projects through a tendering process. The new project assignments are the Stage One of Phase Three of the container terminal project in Colon, Panama, and the terminal construction and repair project in San Vicente, Chile.
Meanwhile, CHEC's US$221-million CSMA Container Terminal in Manzanillo, Mexico is in the completion stage and a number of other tenders are out for prospective projects in the rapidly developing zone of Central and South America.
"The demand for infrastructure work is high in this part of the region and our company stands poised to offer its expertise in marine engineering and dredging works and in the management, design and construction of large-scale structures including ports, airports, highways, bridges and railways," explained John Ren, marketing manager for CHEC.
The port project in Colon, Panama, valued at US$66 million, will be executed in three parts: The construction and dredging of Terminal 4, the construction of Q container yard with reinforced concrete, and the construction of K and M container yards. The time-span for this scope of work is 23 months.
The port in San Vicente was damaged after a magnitude-7.1 earthquake shook Chile in January 2011. The renovation and upgrade — valued at US$76 million — include the construction of a 264-metre-long and 38-metre-wide high-pile terminal, extension Of its existing terminal and the repair of its pile foundation and grave pile driving construction. The time span for the work will be 48 months.
CHEC's business models in the region include competition bids, government-to-government co-operation, build operate and transfer agreements and public private partnerships.