Panama's megaport in the eye of the hurricane
The decision of the Executive Branch to contract directly and without bids the construction of a 600 million dollar container terminal at Farfán has created distrust in Panama's business and political classes.
Monday, April 21, 2008
The move could be seen as a violation of the Fiscal Code. One politician, Guillermo Endara, president of the Vanguardia Moral de la Patria, called the move an administrative "atrocity" and said he would rescind the contract if he were elected in 2009.
The government of Martín Torrijos has apparently decided to build three terminals at the port development at the Pacific entrance to the Panama Canal.
Negotiations on the development of a large container port at Farfán, on the western approach to the Panama Canal have begun between Panama's Ministry of Commerce and Industry and a consortium led by Hong Kong-based Cosco Pacific and Ports America Group of the United States.
The deadline for the presentation of bids for the design of new locks on the Panama Canal has been stretched by 47 days, the canal authorities said.
Business leaders in Costa Rica say that big delays in public works are putting a brake on their investment plans.
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