At the last Capac Expo Hábitat fair in Panama, more than 20 companies from China showcased their progress and took the opportunity to establish contacts with local public and private investors.

The large companies, some of which already have contracts in the canal country, carry out works such as bridges, railroads, airports, hydroelectric power plants, agroproductive developments, and provide technology services, among other things. 

See "Bridge over the Canal: Chinese contract confirmed"

Fang Qiuche, president of the Association of International Contractors of China (Chinca), explained to Martesfinanciero.com that " ... 'Panama is an important and strategic country and serves as a bridge for the entire continent. We have high expectations that Chinese construction, infrastructure and market research companies can come to the country to develop new businesses and foster joint cooperation.'"

In relation to the interest that Asian companies have in future works, Clark Xia, senior general manager of Engineering of China Railway Group Limited (CREC), said that " ... they are very interested in the railway construction project that will link David, in Chiriquí, with Panama, and they hope to participate [in it] once the viability of the work has been defined after the studies that are being carried out."We want to participate in this project that will bring many economic development opportunities for Panama and the region, and we want to participate with all the capacity and technological knowledge to improve the quality of life for Panamanians." 

See also "Construction: Construction: Upcoming Works in Central America"

Xia added that they are also interested in projects such as water sanitation, road construction and future works on the Metro. 

In addition to the works in Panama, Asian companies are in charge of other projects in Costa Rica. One example is the construction firm China Harbor Engineering Company, which is responsible for extending 107 kilometers of the road between the crossing to Rio Frio and downtown Limón.

Source: martesfinanciero.com

Are you interested in construction projects in Central America?

Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization.

Request more information:

Your message has been sent. We will contact you shortly.

Name*

Last Name*

Email:*

Telephone (Country):*

Company:*

Title:*

Size of the Company:* Choose one... Less than 100 employees Between 100 and 500 Between 500 and 2500 More than 2500

Industry:* -None- Agro Alimentos y bebidas Construcción e infraestructura Banca y finanzas Farmacéutica y salud Servicios Retail Automotriz Energía y minería Química y plástico Bienes Raíces Educación Bienes de consumo Industria y manufactura Transporte y logística Telecomunicaciones Administración pública

Yes, I want to receive a call from a salesperson*

Comments:*  

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.

Need assistance? Contact us

(506) 4001-6423

More on this topic

Route to Limon: New Delay Expected

March 2020

Due to the health alert facing Costa Rica, the China Harbor Engineering Company decided to lay off 180 employees working on the Route 32 expansion project, which has already fallen behind on previous occasions.

In December 2019, it was reported that the Asian construction company asked the National Road Council (Conavi) for a 400-day extension to deliver the 107-kilometer extension, which connects the Rio Frio intersection with downtown Limon. However, authorities only agreed to delay it by 174 days, so the work would be delivered no later than March 2021.

Another Obstacle to the Fourth Bridge over the Canal

August 2019

The National Assembly created a commission to investigate the public contracting process by which the Panama Fourth Bridge Consortium was awarded the contract for the design and construction of the fourth bridge.

After multiple delays in the tender process, the Varela administration and the Panama Cuarto Puente Consortium, made up of China Communications Construction Company LTD and China Harbour Engineering Company LTD, signed the contract for the work in question in November 2018.

Chinese Construction Company Accused of Fraud

March 2015

China Harbour Engineering Company, one of the bidders in the tender for Line 2 of the Panama Metro and a contractor for road works in Costa Rica, is ineligible to participate in projects financed by the World Bank.

Given the criticisms over its main involvement (60%) in one of the consortia which submitted bids for the construction of the Panama Metro Line 2, a spokesperson for China Harbour Engineering Company (CHEC) Latin America argued that ".. . The temporary disqualification applied by the World Bank to the holding company China Communications and Construction Company (CCCC) does not affect its ability to receive funds from the lender "... "Under the sanction, CCCC is ineligible to participate in any road and bridge project funded by the World Bank group until January 12, 2017."

Chinese Developer Analyzes Projects in Honduras

May 2013

Chinese investors have announced the possibility of opening of an office for the study of infrastructure development projects in the country.

From a press release from the Presidency of the Government of Honduras:

Representatives of the China Harbour Engineering Company Ltd (CHEC), met on Monday evening with President Pepe Lobo, to whom they showed their appreciation for the warm invitation to explore infrastructure development projects in the country and who expressed their interest in a portfolio of projects that are listed in the country.