Panama's public works ministry (MOP) has awarded a tender for the second package of roadworks being carried out under a master plan to upgrade roads and highways in Panama City.
The tender consists of five projects, requiring total investment of some US$1.5bn.
Brazil's Norberto Odebrecht won the contract to design and construct the junction between Balboa and Los Poetas avenues, MOP said in a release.
The firm bid US$744mn for the project, which MOP had budgeted at US$785mn. Also bidding were Mexico's ICA and Spain's FCC, which offered US$804mn and US$797mn, respectively.
FCC was awarded the contract for stretch I of the Vía Brasil roadway with an offer of US$210mn. Work consists of building two overpasses. Costa Rica's Meco was the only other bidder, offering US$211mn.
CBPO Engenharia's and Sacyr's offers were rejected for failing to meet the technical requirements. However, CBPO won stretch II of the project with its bid of US$187mn.
The contract for improvements and the expansion of 12.3km of Domingo Díaz avenue was won by the Pirenaica-Transcaribe group with an offer of US$226mn.
Finally, Conalvías was awarded the contract to relocate the Vía Cincuentenario roadway to avoid disturbing ruins in the old part of the city. The firm bid US$166mn for the project, which also received bids from Odebrecht and FCC.