36 Companies Interested in Panama's "Curundú Project"

Odebrecth, URS Holdings and FCC Construcción are among the companies bidding for the project.

Thursday, December 10, 2009

A coordination meeting (homologación) will be held on December 10th, while bids will be opened on December 21st.

"The future project is called 'Proyecto Curundú', and comprises transforming 160.000 square meters in the vecinity of Juan Demóstenes Arosmena Stadium and the Farmer's Market. The housing ministry estimates that 19.019 people live in the area, with monthly average incomes of around $278", reported Prensa.com.

More on this topic

Panama Awards Road Construction Projects

March 2011

Authorities awarded five maintenance contracts, which correspond to the second phase of the “road reorganization” program (“Reordenamiento Vial”).

Odebrecht, FCC and ICA-Meco obtained the highest scores and landed the contracts.

The largest contract, worth $776.9 million, was awarded to Brazilian corporation Odebrecht.

Panama: Odebrecht Awarded "Curundú" Project

January 2010

Brazilian company "Constructora Norberto Odebrecht" won a $94 million contract to develop the infrastructure project.

The evaluation committee awarded the best score to Odebrecht, before the other two pre-qualified companies: Meco S.A. and Constructora Urbana S.A. (Cusa).

Three Companies Bid $95 Million for Curundú Project

January 2010

Meco, Oderbrecht and Cusa are the three companies still in contention for developing the urban infrastructure project.

All three of them proposed costs around $95 million, from Cusa's bid at $94.933.650 to Meco's at $95.397.750.

According to Prensa.com, "Proyecto Curundú" comprises transforming some 160.000 square meters in the locality of the same name.

Panama: Cost of 'Proyecto Curundú' Climbs to $78 Million

December 2009

In a meeting where interested companies met with the entity in charge of the public bidding process, they agreed to increase the cost of the project to $78 million.

The deadline for bidding was also extended, from December 21 to January 8, 2010.

Prensa.com reports that "the cost was increased as the original bidding rules didn't include some infrastructure projects, like bridges and overpasses".

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