Newly Established Companies Win Parking Contract

Plaza Parking S.A. y Estacionamientos Unidos S.A., who share directors, won the tender to build and operate underground parking lots in Panama City.

Monday, April 1, 2013

Plaza Parking, SA will be responsible for the construction of parking lots under the Harry Strunz park, at a cost of $5.4 million, while Estacionamientos Unidos, S.A., will build, at a cost of $13.3 million, under the parks Porras and Francisco Arias Paredes.

The Municipality of Panama will receive 11.5% of the gross profits obtained from the concessions for the parking lots, during the twenty years of the concession period.

An article in Prensa.com reports that "Public registry information reveals that Plaza Parking, SA and Estacionamientos Unidos, S.A. were constituted on January 24, 2013, ie 28 days before the convening of the second tender (21 February) to award the projects. "

Both companies have on their boards, Ivan Bernal who is the president, Alvaro Antonio Lopez, treasurer, and Antonella Della Valle, secretary. Shareholders are Juan Carlos Alvaro Lopez and Antonio Alvaro Lopez.

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More on this topic

Panama: Underground Parking Project Suspended

January 2015

The Mayor of Panama has suspended construction of two underground parking lots in the capital because of an alleged breach of contract.

The three-month delay in the delivery of plans for the construction of underground parking lot beneath Urracá park, by the contractor Plaza Parking, SA, has led to the suspension of construction work which it is hoped will be resumed at the end of January at the latest when it is expected that the Mayor will announced new measures to be taken.

Construction of Parking Lots Underway

October 2013

Construction is to start of the 1,100 underground parking spaces granted in concession and from which 10% of the income will go to the municipality of Panama City.

Prensa.com reports: "The contracts were awarded using the turnkey model to Antonella de La Valle, representative of the company Estacionamientos Unidos S.A and Ivan Bernal of the company Plaza Parking SA".

Tender For Parking Lots in Panama

February 2013

Two companies submitted bids for the construction of underground parking lots under three parks in Panama.

"The companies Estacionamientos Unidos S.A., and Plaza Parking S.A., submitted proposals for the construction of underground parking lots at the parks Harry Strunz, Parque Porras and Francisco Arias Paredes under turnkey contracts, while for the parking lot under Park Urracá no bids were received", noted an article in Capital.com.pa.

Panama City Tenders Underground Parking Facilities

October 2012

The Mayor of Panama has made a call for individuals and companies interested in learning about and participating in the construction of underground parking facilities for the district capital.

The Mayor of Panama reports that consideration has been given to building in the underground zone of Porras Park, Francisco Arias Paredes Park and parts of the parks and Urracá and Harry Strunz, without affecting the areas for public use or their purpose.

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