New Bidding Process for Metro Bus in Panama

The Government will again invites bid the financial management services for $ 15 million.

Wednesday, November 3, 2010

The first bid held on October 8th was declared vacant.

This system will consist of an alternate payment mechanism to the exchange system, to be implemented and operated by an independent Financial Manager of Transportation.

The State will sign the contract with the Financial Manager and ensure it will receive remuneration according to the service, passengers carried and other terms and conditions of the Concession Agreement.

The system will include the figure of Fund Collection and Trust Agent, by which the proceeds will be managed through a Trust Agreement with a bank which will provide the collector or the Financial Manager, 90 days after contract is signed.

More on this topic

4 Bids for Metro Bus Administration

December 2010

Sonda, Confya, Panama Card and Metro Recaudo submitted bids to manage the Metro Bus transportation system.

The proposals ranged between $ 118 and $ 229 million.

"Today's event was attended by Ministers Jimmy Papadimitriu (Presidency), Federico Suarez (Public Works), Rómulo Roux (Canal Affairs) and the director of the Transit Authority and Land Transport, Jorge Ricardo Fabrega," reports

Panama will Introduce Metro Bus Administrator

December 2010

The government will announce on December 15th, the company responsible for managing the transportation system.

The announcement of the company in charge of collecting payments from users of the transportation system, is a few weeks late.

"The bid process to choose a financial manager was suspended in October when it was already at an advanced stage" reported

10 Companies Interested in Panama´s Metro Bus

November 2010

10 companies participated in the preliminary meeting for bidding on the management of the Metro Bus system.

To the four companies which participated in the previous process, declared void on October 8th, the following companies joined: Unipago, TMS-Telemarca, Taborda Velez Transdata, King Holding and Cable & Wireless Panama.

Panama: New Bidding for Metro Bus in November

October 2010

The government will introduce in November a second bidding process for the installation and operation of a payment system for the public transport.

The first contest with participation of four companies, Sonda of Chile; Confya formed by Colombians, Venezuelans and Panamanians; Metrorecaudo of Panama and Colombia, and Panama Card, was declared vacated by the Transit and Land Transport Authority.

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