Panama: $290 Million Widening of "Corridor" Highways

The company Ingenieros Civiles Asociados (ICA) has been given contracts to widen both the South and North Corridors.

Tuesday, August 3, 2010

The works comprise the widening of the South Corridor to six lanes and the extension of the North Corridor, until 24 December.

"In the case of the South Corridor, ICA Construction has an existing contract with ICA Panama, the highway concession holder, to carry out the work, which the government has decided to respect," reports Prensa.com. "With the North Corridor Pycsa, the highway's current owner, will grant ICA rights to undertake the extension".

More on this topic

Panama: Extension to South Corridor to Cost $509 million

December 2013

The company in charge of the environmental impact study has provided the estimated costs of the work, which could be completed in four years.

The company Ingenieros Civiles Asociados (ICA) has submitted to the National Environmental Authority (ANAM by its initials in Spanish) the environmental impact assessment (EIA) for the work, which according to the document will consist of four components.

Call for Tender for Extension of South Corridor

November 2013

The Panamanian Association of Business Executives has joined other unions in criticizing the direct extension of the contract with Mexico's ICA.

Fernando Aramburu, president of the Panamanian Association of Business Executives (APEDA) regrets that the contract signed by the Government with the company Ingenieros Civiles y Asociados Asociados (ICA) does not give more options to the National Highway Company (ENA).

Northern Corridor Finally Purchased

June 2012

It has been announced that the purchase of the highway from the Mexican company PYCSA by the Panamanian State will be completed in July and funded by issuing bonds.

Negotiations for the purchase of the Northern Corridor from PYCSA should conclude in July with payment of 80% of the shares, said Rigoberto Effio, administrative and financial manager of the Empresa Nacional de Autopistas (ENA).

Panama to Buy Northern Highway for $650 million

March 2012

The purchase of the highway from the Mexican company Pycsa comes after the $420 million acquisition of the Southern Highway.

The government will buy the Northern Highway (Corredor Norte) for $650 million, given in concession to Mexican company Proyectos y Construcciones (Pycsa).

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