BAM International said that its joint venture with Iconsa, a marine construction company active in Panama, has been chosen to design and construct an LNG import jetty and an intake/outfall structure for the Costa Norte LNG terminal in Panama.
The contract value for the BAM Iconsa joint venture is around US$39 million (€35 million), BAM said in its statement on Friday.
The BAM Iconsa joint venture has already started design works while work on site will commence in the first quarter of 2017. Completion of the project is expected in April 2018.
The joint venture’s scope of work includes the marine facilities, consisting of the LNG jetty with a 216-meter-long trestle, a 50m x 35m platform, four breasting dolphins, six mooring dolphins as well as the intake and outfall structure.
Sister company BAM Infraconsult/DMC is involved in the design of the new jetty, the statement reads.
The Costa Norte LNG terminal, the first LNG facility to be built in Panama, is located near the Caribbean entrance of the Panama Canal, Colon, Panama. The import jetty is designed to receive LNG vessels in the range of 30,000 – 180,000 cubic meters.