Leasing Could Be an Option in Panamanian Metro Bus

‘Metro Bus Panama’, one of the consortiums bidding for designing and operating the project, has proposed a “bus leasing system”.

Monday, May 31, 2010

On May 26, three consortiums submitted their proposals for ‘Metro Bus’, a public transportation system. The bid by ‘Grupo Express’ was priced at $275 million, the one by ‘Transporte Masivo de Panamá’ at $269 million, and ‘Metro Bus Panama’ presented the lowest priced one at $30 million.

Raphael Fuentes, from ‘Metro Bus Panama’ told the press that by including a leasing system, “they have been able to present a more advantageous proposal. The bidding rules required two express services, one for the North Corridor and one for the South Corridor, but they have included two additional semi-express services, one over ‘España’ Avenue and one over ‘Transístmica’ Avenue”, reported Laestrella.com.pa.

The winning company will be announced in 30 days

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

Colombian-Panamanian Company To Get Metro Bus Project

June 2010

‘Transporte Masivo de Panamá’, a Colombian-Panamanian consortium, achieved the highest score in technical merits and price, in a public acquisition to operate the Metro Bus transportation system.

After reviewing the technical report, the evaluation committee will announce the definitive winner of the contest.

Three Consortiums Bid for Panamanian Metro Bus

May 2010

“Metro Bus Panama”, “Express del Futuro”, and “Transporte Masivo de Panamá” were the three consortiums submitting bids.

Only three consortiums will participate in the bidding for designing, supplying and operating the new transportation system.

“Jorge Ricardo Fábrega, Government and Justice vice minister, explained that they will verify the required guarantees, which must correspond to 100% of the price of the bid”, reported Prensa.com.

Metro Bus Bidding Pushed Back in Panama

April 2010

According to the new schedule, companies interested in developing and operating the new public bus transportation system called “Metro Bus” must submit their proposals on May 26.

The Executive Transport Commission changed the bidding rules to allow the participation of more companies, in response to a request from international consortiums interested in the project.

Deadline Extended for Bidding for Metrobus

January 2010

The Government of Panama decided to extend the deadline for submitting bids for the Metrobus system to April 6.

Proposals will be received on April 6 and the winner will be announced on May 6.

Presidential Minister Jimmy Papadimitriu, also told interested companies that the duration of the concession was extended from 10 to 15 years.