British Company Interested in Tocumen ExpansionWednesday, November 23, 2011 The company Foster and Partners is interested in participating in work on the new terminal on the south side of Tocumen International Airport. The company, which designed an airport in Hong Kong Airport and one in Shanghai has expressed interest in participating in the bidding process to be held next year, said the president of the Board of Tocumen, Frank de Lima, at the end of Panama Invest which took place in London and Paris. $42 Million for Cleaning Up the BayMonday, July 27, 2009 Once the credit is approved by the Panamanian Congress, phase II and III of the project would start, generating 3.000 jobs. The extraordinary $42 million loan, given to the Health Ministry for cleaning up the Panama Bay will go to the National Economic Council for consultation. It will be funded by the $167 million credit given to the State by the Japan Bank of International Cooperation (JBIC). Panama: Motorway Extension AwardedFriday, October 19, 2012 Work on the third phase of the Panama - Colon road, has been awarded directly through an addendum to the $163 million contract with the Madden-Colón Concessionaire. The funding includes $127 million for construction and $35 million for private affectations, said Frank de Lima, Minister of Economy and Finance. Panama: Financial Tower Could Change LocationWednesday, October 12, 2011 The Ministry of Finance is looking at a new location for the Financial Tower. The new finance minister, Frank de Lima, remarking on the possibility of building in the area of the former U.S. Embassy on Avenida Balboa, said at a press conference, "... personally I think that this land could be better used. " Children's Hospital Instead of Financial TowerTuesday, October 18, 2011 Panama's government has suspended the controversial construction of the tower and transferred the land to the Ministry of Health who announced that a new Children's Hospital will be built there. This was confirmed by Economy Minister Frank de Lima, putting an end and the controversy that had triggered the construction of the Financial Tower on Balboa Avenue. Panama: Tender for Road ExpansionThursday, November 1, 2012 The Martinelli administration is proposing a "turnkey" tender for the expansion of the InterAmerican Highway to four lanes between Santiago and David, before the end of his term. As outlined in an article in Prensa.com, "The Minister of Economy and Finance, Frank De Lima, announced yesterday at the seventh National Competitiveness Forum that before the end of the current administration there will be a tender for the expansion to four lanes of the Inter-American Highway between the cities of Santiago de Veraguas, and David, Chiriquí. Speaking earlier, the Minister of Public Works, James Ford, said they are working on the basis that it would be a 'turnkey' project. " $75 Million to Expand Tocumen AirportFriday, March 12, 2010 Tocumen, the International Airport of Panama, subscribed a $75 million loan to build infrastructure. A $75 million loan was subscribed between Tocumen International Airport, “Banco Nacional de Panama”, “Caja de Ahorros” and the Bank of Nova Scotia Panama, to build the northern section of Tocumen International airport, explained Finance Minister Frank De Lima. Panama: Tender for Hydro Station and Governmental CityThursday, December 5, 2013 For both projects partnership between a private developer and the State will be sought, with investments that will add up to about $1.45 billion. Frank De Lima, the Minister of Finance, made the announcement during a meeting with the Chamber of Commerce, Industries and Agriculture of Panama. Direct Contracts with Tocumen AirportTuesday, December 6, 2011 Authorities have signed contracts worth over $4 million for various urgent projects. Air conditioning, garbage collection and X-ray inspections are some of the services that the airport has contracted directly, after having signed emergency declarations, the prequisite to exempt them from the contractor selection process. French Investment in PanamaWednesday, June 2, 2010 French companies have invested over $700 million so far, and the figure could reach over $2 billion. Hughes Goisbault, French Ambassador, remarked that France can’t miss being in a country that grows as fast as Panama, far more than its Central America neighbors. Panama: $66 million for Disaster PreventionWednesday, October 19, 2011 The World Bank has approved a loan for development policies to strengthen the country's ability to implement its Risk Management Program for Natural Disasters. A press release from World Bank (WB) reads: Panama: Electrical Substation for $26 millionWednesday, February 27, 2013 The Electric Transmission Company ETESA will build an 80MVA substation and expand the Boquerón III substation, through the installation of a second transformer. From a press release issued by the Government of the Republic of Panama: $17 million Hospital Investment AnnouncedTuesday, August 14, 2012 Panamanian President Ricardo Martinelli has announced the construction, starting next year, of a new Children's Hospital in the capital. From a press release from the Presidency of the Republic of Panama: Loan Authorized for Northern Corridor ExpansionThursday, November 24, 2011 The Panamanian Cabinet Council has authorized the signing of a loan agreement between the National Bank of Panama and the National Highway Company for $52.9 million. A press release from the Presidency of Panama reads: Panama: Convention Center Tender in JanuaryThursday, December 1, 2011 Days after the government announced its intention to sell the Atlapa Convention Center, it has announced a tender for January, for the design and construction of a new project. The government hopes to raise between $70 and $80 million from the sale of the Atlapa convention center. |
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