Bam International and Iconsa joint venture secures contract to develop LNG terminal in Panama


The joint venture between Bam International, Royal Bam Group’s operating company outside Europe, and marine construction company Iconsa has received a contract to design and construct an LNG import jetty for the Costa Norte LNG Terminal in Panama.

The joint venture will also construct an intake / outfall structure for the terminal.

South Korea's POSCO E&C is the main contractor to provide the Costa Norte LNG Terminal for AES Corporation of the US.

The contract carries a value of around $39m. The Bam-Iconsa joint venture has already started designing the terminal.

Construction and development at the site is expected to start in the first quarter of 2017.

The project is scheduled to get completed by April 2018.

The scope of the project consists of a 50m x 35m platform, four breasting dolphins and six mooring dolphins. The joint venture will also construct the intake and outfall structure.

"Bam International’s sister company BAM Infraconsult / DMC will be responsible for designing the new jetty."

Bam International’s sister company BAM Infraconsult / DMC will be responsible for designing the new jetty.

The first LNG facility to be built in Panama, the Costa Norte LNG Terminal, is located near the Caribbean entrance of the Panama Canal.

The import jetty will be designed to receive LNG vessels in the range of 30,000m³ to 180,000m³.

Bam-Iconsa joint venture seeks cooperation and support from the local suppliers and looks to employ local workers to deliver the project successfully.


Image: Graphical representation of LNG terminal. Photo: Courtesy of Baminternational.