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.
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 Panamanian Association of Business Executives has joined other unions in criticizing the direct extension of the contract with Mexico's ICA.
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.
The purchase of the highway from the Mexican company Pycsa comes after the $420 million acquisition of the Southern Highway.
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