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MOP awards US$1.5bn Panama City roadworks (Panama)
2011-03-23

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.


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