Panama's government has opened four economic bids for the tender to select a financial administrator for Panama City's Metrobus public transport system.
Consortium Panama Card submitted the lowest bid, with US$118mn, the presidential website reported. The offer proposes an investment of nearly US$60mn, with administrative costs amounting to US$58mn.
Consortium Confya presented the highest offer with a bid of US$229mn, which includes a US$33mn investment and US$196mn in administrative costs.
The government also opened economic bids from Chilean firm Sonda, with US$181mn, and Metrorecaudo, which bid US$161mn.
The firms Unipago, TMSTelematica, Taborda Velez Acia, Transdata Ind, King Holding, and Cable & Wireless Panama had also presented technical bids for the project.
The administrator will operate independently from the Metrobus concessionaire and will be responsible for implementing and operating an electronic payment system for 10 years.
Responsibilities include supplying 1mn electronic payment cards and establishing a minimum of 700 points of sale and recharge for the cards, of which 10% must be open 24 hours a day.