In Panama the companies Bagatrac and Asociación Accidental Caminos de Darié, composed of Cusa and Toronto Global Holdings Corp. will renovate 100 kms of the Pan American Highway.
The renovation project was tendered and awarded in four sections, the first of which, 23 kilometers, has been awarded to the company Bagatrac, for $31 million. The same company was awarded one of the sections, of kilometers, worth $36 million.
Ten construction companies and nine service companies attended the pre tender meeting for establishing the specifications for the expansion to four lanes of the Inter American Highway from Veraguas to Viguí.
Prensa.com reports: "This is the first of five sections that the Ministry of Public Works (MOP) is putting out to tender in order to complete the widening to four lanes of the highway between David and Santiago".
Contracts for $922 million were awarded to five companies for expanding and renovating 185 kilometers of the Inter American Highway.
The value of the works has exceeded the estimate made by the Ministry of Economy and Finance of $750 million. The construction company Norberto Odebrecht was awarded 71.24 kilometers from Santiago- Vigui. Its financial proposal was $339.5 million and the MOP's reference price was $352.8 million.
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