$150 Million Highway Contract Awarded in Panama
Transcaribe Trading S.A. will be responsible for widening the Arraiján-La Chorrera highway to six lanes.
Tuesday, August 3, 2010
The Panamanian company presented the lowest offer in the competitive bid with two other construction companies, Meco and Urbana.
Three companies submitted bids for designing and executing the project to widen this Panamanian highway.
Proposals to build a 50.6 km expansion of the Inter-American highway range between $75 and $182 million.
The Ministry of Public Works gave the order to proceed to Transcaribe Trading, company who won the contract for $ 152.6 million.
Construction company CUSA was awarded the construction of the highway between David and Boquete, and Meco won the contract to build the link between La Villa and Las Tablas.
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