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- PANAMA IS THE TOURIST DESTINATION OF CHOICE IN LATIN AMERICA
- PANAMA WAS THE LEADING COUNTRY IN ECONOMIC GROWTH IN LATIN AMERICA IN 2011
- PRESIDENT OBAMA SIGNS THE FREE TRADE AGREEMENT WITH PANAMA
- PANAMA IS THE LEADING CENTRAL AMERICAN COUNTRY IN THE EASE OF DOING BUSINESS INDEX
- Capac Expo Habitat 2011
- PANAMA WILL HOST THE 2012 INTERNATIONAL CONGRESS OF ENGINEERING & INFRASTRUCTURE
- BRAZIL’S ECONOMY HELPS PANAMA
- CB Richard Ellis Group, Inc. Announces Continued Revenue and Earnings Growth for Second Quarter 2011
- PANAMA’S GROWING TOURIST INDUSTRY ALSO DRIVES CONSTRUCTIONS ON THE PACIFIC COAST
- CB RICHARD ELLIS SPONSORS THE V PRO CHILDREN’S GOLF TOURNAMENT
- CB RICHARD ELLIS DELIVERS DONATION OF SCHOOL SUPPLIES AND A WHEEL CHAIR IN ANTÓN
- EPA Recognizes CB Richard Ellis Group, Inc. with 2011 ENERGY STAR® Sustained Excellence Award. CBRE Earns Agency's Highest Award for Protecting the Environment through Energy Efficiency
- PANAMA HELD THE 29th EDITION OF ITS FAMOUS EXPOCOMER FAIR
- PANAMA IS IN THE SPOTLIGHT AGAIN WITH DONALD TRUMP’S FIRST PROJECT OUTSIDE THE USA
- CB RICHARD ELLIS NAMED PREMIER GLOBAL BRAND IN COMMERCIAL REAL ESTATE
- PANAMA’S GROWING ECONOMY ATTRACTS FOREIGN INVESTORS
- PANAMA’S TOURIST INDUSTRY CONTINUES TO GROW
- CHRISTMAS PARTY WITH THE CHILDREN OF SABANA LARGA-TOABRE, COCLE
- Second Real Estate Bowling League - ACOBIR
- “World’s Best” Property Consultant Award
- AS TOURISM GROWS, SO DO PANAMA’S HOTEL ACCOMODATIONS
- FIRST ANNUAL PANAMCHAM REAL ESTATE FORUM
- THE PANAMA CANAL AUTHORITY CLOSED ITS FISCAL YEAR 2010 WITH EARNINGS FROM TOLLS AMOUNTING TO $1,482,000,000.00
- CBRE NAMED EUROMONEY GLOBAL REAL ESTATE ADVISOR OF THE YEAR
- CBRE PARTICIPATED IN CAPAC'S EXPO HABITAT 2010
- PANAMA MEETS THE TWELVE AGREEMENTS REQUIRED BY THE OECD
- TOURISTS ARE CHOOSING PANAMA TO DO THEIR SHOPPING, AND NEW MALLS AND HOTELS ARE ALSO OPENING IN THE INTERIOR
- INAUGURATION OF THE RIOMAR BEACH PROJECT
- TOURISM GROWS AND MORE AIRLINES ARE LANDING AT PANAMA’S TOCUMEN INTERNATIONAL AIRPORT
- PHYLLIS MARIE POWERS IS THE NEXT US AMBASSADOR IN PANAMA
PANAMA HAS TENDERED MORE THAN $3 BILLION IN PROJECTS
July, 13 2010
Within its first year, the current government has already tendered more than $3 billion in large projects. With $13 billion planned for public investments, the projects have drawn the attention of the largest construction firms worldwide.
The most ambitious project is the construction of Panama’s Metro estimated at $1.5 billion according to the Ministry of Economy and Finance (MEF). Three consortiums from Spain, Japan, Brazil, Italy, France and Mexico have been qualified to take on this project. The other major urban transportation improvement project is the Metro Bus with a reference price of $270 million.
The government also has several major projects that include building five new hospitals that will cost even more than the Metro Bus project, and six consortiums from Spain, Korea, the Dominican Republic and Colombia have already presented their offers.
Although the tender for the improvements and expansion of Panama’s Tocumen International Airport began with the previous government, the actual government finalized the process and awarded the contract to two Colombian firms for $68.65 million. Likewise, the contract for the expansion of the Enrique Malek Airport in David, Chiriquí, was awarded to an Argentine firm for $27.4 million.
The government’s five-year plan includes substantial investments in highways. Among those will be the widening the highway between David and Boquete, and the highway between Divisa and Chitré in the Azuero peninsula; extending the Coastal Beltway to San Felipe in the Old Quarter, as well as to the Amador Causeway; finishing the Panama-Colon expressway; widening the Inter-American highway between David and Santiago, as well as the highway between Arraijan and La Chorrera; and a new highway between Howard and the Centennial Bridge.
The government has many other carefully planned projects which will benefit the country in general and attract more tourism and investments.
Within its first year, the current government has already tendered more than $3 billion in large projects. With $13 billion planned for public investments, the projects have drawn the attention of the largest construction firms worldwide.
The most ambitious project is the construction of Panama’s Metro estimated at $1.5 billion according to the Ministry of Economy and Finance (MEF). Three consortiums from Spain, Japan, Brazil, Italy, France and Mexico have been qualified to take on this project. The other major urban transportation improvement project is the Metro Bus with a reference price of $270 million.
The government also has several major projects that include building five new hospitals that will cost even more than the Metro Bus project, and six consortiums from Spain, Korea, the Dominican Republic and Colombia have already presented their offers.
Although the tender for the improvements and expansion of Panama’s Tocumen International Airport began with the previous government, the actual government finalized the process and awarded the contract to two Colombian firms for $68.65 million. Likewise, the contract for the expansion of the Enrique Malek Airport in David, Chiriquí, was awarded to an Argentine firm for $27.4 million.
The government’s five-year plan includes substantial investments in highways. Among those will be the widening the highway between David and Boquete, and the highway between Divisa and Chitré in the Azuero peninsula; extending the Coastal Beltway to San Felipe in the Old Quarter, as well as to the Amador Causeway; finishing the Panama-Colon expressway; widening the Inter-American highway between David and Santiago, as well as the highway between Arraijan and La Chorrera; and a new highway between Howard and the Centennial Bridge.
The government has many other carefully planned projects which will benefit the country in general and attract more tourism and investments.
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