A joint venture between BAM International and Iconsa, a marine construction company active in Panama, has been awarded a $39m contract to design and construct an import jetty and an intake and outfall structure for the Costa Norte liquefied natural gas (LNG) Terminal in Panama.
South-Korea’s Posco E&C is the main contractor to deliver the terminal for the client, which is US energy company AES Corporation.
The BAM/Iconsa JV has already started design works while work on site will commence in the first quarter of 2017.
The joint venture’s scope comprises the marine facilities, consisting of the LNG jetty with a 216m-long trestle, a 50m x 35m platform, four breasting dolphins, six mooring dolphins as well as the intake and outfall structure.
The project is the first LNG facility to be built in Panama and is located near the Caribbean entrance of the Panama Canal.
The project is due to be completed in April 2018.
Image via BAM