The contract includes construction of a new terminal, remodeling the main facade, a new presidential lounge, an administration building and other logistical facilities.

According to the report published in prensa.com: "The Colombian consortium submitted the lowest bid, but two of its competitors (Constructora San José and Odebrecht) called for their disqualification because they did not meet several requirements from the list of duties, from legal aspects to the lack of experience of the personnel proposed for the project."

Source: Prensa.com

More on this topic

Tocumen: 16% More Passengers in January

April 2013

In January, 695,830 people used Tocumen International Airport in Panama, 16% more than in the same month last year.

Estimations are that this year, about 7.5 million people will pass through the terminal, surpassing the 6.8 million who came through it in 2012.

Furthermore, last January 9462 operations were performed, counting incoming and outgoing flights as well as 586 cargo operations.

Tocumen Project Attracts 11 Companies

January 2012

The complex will be developed in a 300 hectare area, which was purchased by Tocumen SA for $109 million.

A press release from the Tourism Authority of Panama reads:

After completion of the North Terminal, the next projects planned by Tocumen are the airport city "Aeropolis" and the Dock and South Terminal, valued at approximately $750 million.

Lack of compliance denounced in Panama's Tocumen tender

February 2009

Two of the consortiums participating in the process have requested the disqualification of Consorcio Aero Tocumen for not complying with the tender's requisites.

According to an article from Prensa.com: "The consortium that presented the second lowest priced bid ($79.5 million), integrated by the Spanish firm Constructora San José, Constructora Panameña de Aeropuertos and Inmobiliaria Suramericana en Desarrollos Urbanísticos, requested the disqualification of the Colombian consortium AeroTocumen, responsible for the lowest priced bid ($68.6 million).

Panama: Four groups bid for Tocumen expansion

December 2008

The proposal by the Colombian company Aerotocumen was almost $11 million lower than the second best offer.

The contract includes the construction of the Muelle North (North Dock) terminal, the remodeling of the current terminal and the construction of a new administrative building for Tocumen, S.A.