OCR

The contract called for completion within a period of 27 months (September, 1952), and for furnishing all materials, labor, equipment and tools to complete the project. The project is being financed through the Export-Import Bank of Washington, D.C. as per contract dated December 20, 1943, and sub- sequent ammendments thereto. Payments of the fee were as follows: 80% of the fee is paid in 27 monthly installments, 26 of which amount each of U.S. $4,150 plus Pesos $6,000 and a twenty-seventh payment of U.S. $4,100 plus Pesos $4,000. The remaining 20% of the fee, amounting to U.S. $28,000 will be paid immediately after approval of the final statement of account and when certificate of acceptance of the work is issued. All U.S. dollar payments of the fixed fee were to be made by means of checks in favor of The Utah Construction Company at its principal office in San Francisco. All peso payments were to be made to Utah's bagota office. The contract could have been terminated at any time under certain (just) causes without indemnification to the contractor. Article XIV of the contract stated what constituted a "just cause". In a letter dated November 5, 1951, from Mr. T. L. Terry, the project was to be completed June 1953, and the fee then equaled U.S. $140,000, which was Utah's share plus an additional fee of U.S. $56,000 which had been added and assured but not finalized. At that date we had expended, according to the San Francisco Office, $1,551,376 for equipment and materials. Shafts in North Carolina for the Tungsten Mining Corporation in the amount of $190,000. Coello Irrigation Project ties in with Coello Dam and Canals project above. Designed to irrigate 37,050 acres with water from the Coello River, this project includes a 260 foot concrete diversion weir, a 22, 950 foot main canal with 21 ft. bottom width, three tunnels and some 88 miles of distri- bution canals. A. Columbian government corporation, Caja Credito Agrario, Industrial y Minero, sponsored the project which was completed in 1953 on a $4,423,565 contract by Utah Construction Company in cooperation with Columbian engineers of the Sociedad Industrial de Ingeniera y Construcciones, S.A., and a Colombian contracting firm, Olorte, Ospina, Arisa & Payan, Ltda. Railroad Construction "H" Line to include tunnel work for Kennecott Copper Corporation in Utah in the amount of $703,000. 5 840 Kennecott Haulage Tunnel -to facilitate haulage of ore from Kennecott Copper Company's famous open pit mine in Bingham Canyon, a 7,000 foot supported and lined tunnel containing a single, standard gauge railroad was constructed by Utah Construction Company. The tunnel is 18 feet wide by 27 feet high. Lining consists of gunite, timber or concrete, according to the requirements of various sections. The $3,105,000 contract was completed in 1953.