Panamanian Ministry Concessions Asphalt Plants

The Ministry of Works will give its four asphalt production plants to CCE IBT in concession.

Tuesday, November 30, 2010

"CCT IBT will become the exclusive supplier of asphalt for the Government, including MOP, which ensures the acquisition of at least 80% of the plant's production. Just for 2011 the MOP has a $ 700 million budget for road investment and infrastructure," reports

Transcaribe also participated in the bidding process with a $ 114 per ton bid.

More on this topic

New Bids on Former Braswell Shipyard

June 2012

In a second tender created by the Panama Maritime Authority to grant the administration and operation of the yard in Balboa, four companies have participated.

The bidders are the same as in the first tender, with the only difference that MEC Shipyards (formerly MEC Dry Docks) has now partnered with the Kardonski group instead of IBT.

Panama Concessions Bus Stops

March 2011

The Ministry of Works will award construction and management of Metrobus stops for $200 million.

Currently, Equipamientos Urbanos de Panamá (EUPAN) holds a contract with the Municipality of Panama City expiring in 2023.

With regards to the current contract the Minister of the Presidency, Demetrio Papadimitriu, explained that it is null and void because it was awarded by the Mayor´s office and current legislation stipulates that the power to award such contracts lies with the Ministry of Public Works (MOP ), reported

Three Companies Bid for Asphalt Plants in Panama

June 2010

The government contract comprises administering, producing and supplying ‘super pave’ asphaltic concrete for 5 years.

For this purchase, the Public Works Ministry (MOP) had established a reference price of $105 per metric ton. Two of the companies, “CCE-IBT” and “Transcaribe Trading” bid $110 per ton, while “Constructora MECO” bid $114.

Port Limón Just Became More Expensive: $950 Million

May 2010

Company Royal Haskonig conducted a study which calculated the actual cost of building and operating the new port on the Costa Rican Caribbean coast.

Back in 2004, authorities had set a reference price of $812 million. Haskonig’s figure is 17% higher.

Allan Hidalgo, executive president of Japdeva, the port authority for Limón, told BNAmericas that the study also “raised the expected return on investment from 15% to 17%, and calculated the cost of handling one container at $252, up from $169. These variations make for a more attractive project”.

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