Panama: $40 million for Traffic Management

The contract was awarded to the Spanish construction company FCC, as an extension of the work carried out on the Brazil highway.

Wednesday, June 26, 2013

The Ministry of Public Works in Panama awarded a $40 million subcontract to the company of Spanish origin, Fomento de Construcciones y Contratas S.A. (FCC), for the implementation of a "traffic management plan for the city's road realignment."

"The transit improvements package was included in the original contract signed on July 6, 2011 between the then Minister of Public Works (MOP), Federico Suarez, and the company Fomento de Construcciones y Contratas SA (FCC), in order to carry out the "study, design, construction and financing of works for the Brazil highway section II", at a cost of $180 million, " reported Prensa.com.

The plan states that FCC must install, within the works of the road network works in Panama, 70 vehicular surveillance cameras, 35 information panels, over 30 traffic lights, 100 speed sensors, and make improvements in to the control tower where vehicular traffic is monitored.



More on this topic

Panama: Public Works Contracts Revised

February 2015

After having announced alleged overruns on projects awarded by the previous administration, the government has declared that it is auditing contracts on projects which are underway and those that have already been completed.

In the project to expand the Arraiján-La Chorrera highway overruns of $60 million were detected, according to government officials.

Panama: Road Works Tenders Announced

October 2013

President Martinelli requested to put out to tender, as soon as possible, the roadworks on Via España to connect it with the North and South corridors.

In addition to the stretch of road on Via España other interventions are planned for some of the avenues in the capital such as Samuel Lewis and the exit from the Costa del Este, as well as the construction of viaducts and overpasses.

FCC Awarded Contracts worth $ 386 Million in Panama

March 2011

The company has been awarded two contracts within the road realignment program in Panama City.

The Projects, which should begin within two months, include works on two streets in the center of the capital.

The company added in a statement, "With these new contracts, FCC added a portfolio of businesses of more than $ 2.416 million dollars in Panama, which include a stake in the construction of the subway and the new Panama Canal access channel from the Pacific Ocean", published Laestrella.com.pa.

Tenders for Road Works Submitted in Panama

February 2011

Seven companies submitted bids for road realignment works in Panama City.

Participating companies are: Asociación Accidental Constructora Pirenarcia, S.A.-Transcaribe (Spain - Panama); Consorcio Ingenieros Civiles Asociados, S.A. from CV-Constructora MECO, S.A. (Mexico-Costa Rica), Constructora Norberto Odebrecht (Brasil), SACYR, S.A., Fomento de Construcción and Contratas, S.A.; CBPO Engenharía LTDA (Brasil) and CONALVÍAS, S.A.

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