This was reported by Leopoldo Benedetti, manager of the Colón Free Zone, when making a presentation to the Budget Commission of the Legislative Assembly.
Dulcidio De La Guardia, Finance Minister, had remarked that "...in the State Budget they included funds for expanding and rehabilitating the runway of airportEnrique A. Jiménez, which will become an international cargo and passenger terminal", reported Prensa.com.
Six companies have submitted bids constructing the new airport in the province of Colón, northern Panama.
The lowest economic offer was presented by Grupo San José with $52.97 million, while the highest was from FCC Construction with $99.49 million.
Panama's Civil Aviation Authority (AAC in Spanish) indicated that the next step is for an evaluation committee to review the information provided before choosing which company meets the appropriate criteria to be awarded the project, according to Panamá América's web portal.