The tender to select a financial administrator for Panama City's Metrobus public transport system has attracted the interest of 10 firms, the presidential website reported.
Interested firms include Metrorecaudo, Unipago, Chile's Sonda, TMSTelematica, Taborda Velez Acia, Transdata Ind, King Holding, and Cable & Wireless Panama, along with consortiums Confia and Panama Card.
The administrator will operate independently from the Metrobus concessionaire and will be responsible for implementing an electronic payment system for buses.
A tender launched in July this year was nullified by the evaluating committee. The new tender stresses security to minimize risk of payment cards being cloned and reduces the administration term from 15 to five years, according to presidential minister Jimmy Papadimitriu.