No More Business for Odebrecht in Panama

The Brazilian construction firm will not be able to participate in future tender processes and must withdraw from the contests for the fourth bridge over the Canal and the Metro line 3, but will probably continue with projects which are already under construction.

Monday, January 23, 2017

The government has announced that the Brazilian company will not be able to take part in future processes, but in respect to the works it is currently operating, such as the construction of Line 2 of the Metro and the urban renewal in Colón, President Varela said "... ' we must protect the country's economy."

"Panama has to advance the process of justice, so that the truth be known, but we must protect the country's economy. If we do not protect it, it will be the innocent, who should not have to pay, who will suffer. Both things can be done: strengthening justice, sorting out assets and protecting the Panamanian people," he added.".

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Panama: Businessmen Oppose Odebrecht

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The Chamber of Commerce, Industries and Agriculture has decided to expel the Brazilian construction company from the union, after the payment of bribes was revealed in several countries, including Panama.

From a statement issued by the CCIAP:

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