Panama: Curundu Project Gets Additional $1.2 Million

The Housing Ministry will use the funds to manage three phases of the project: infrastructure, construction, and social follow-up.

Friday, May 7, 2010

This includes hiring engineering, sociology, psychology and architecture professionals, who will conduct diagnostics and check how the population progresses in all stages of their relocation process.

These funds were approved by the National Economic Council (CENA).



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Panama: Curundu Project Moves Forward

May 2010

Two weeks ago, construction company Norberto Odebrecht received the order to commence this infrastructure project.

It is currently working with government authorities in the project’s first stage, which comprises developing a social plan.

“Our contract in Curundu includes studies, design and construction.

“Proyecto Curundú” Starts on March 30th

February 2010

The announcement was made by Housing minister Carlos Duboy, who expects the contract to be made official on the next days.

The project should be built in two years.

“Each apartment could cost between $20.000 and $25.000. Additionally, ‘Banco Hipotecario Nacional’ (National Mortgage Bank), would provide easy loans for families”, reported Prensa.com.

Panama: Odebrecht Awarded "Curundú" Project

January 2010

Brazilian company "Constructora Norberto Odebrecht" won a $94 million contract to develop the infrastructure project.

The evaluation committee awarded the best score to Odebrecht, before the other two pre-qualified companies: Meco S.A. and Constructora Urbana S.A. (Cusa).

Panama: Curundú Project Attracts Companies

November 2009

Interested companies from 6 countries will visit the project's location on November 26.

Carlos Duboy, Housing Minister, commented that companies from Brazil, Colombia, Venezuela, Spain and Italy have expressed interest in the project.

"It comprises an urban transformation for 160.000 square meters, over one thousand meters of sidewalks and segregated cycle facilities, institutional buildings, recreational and sport facilities, parks, libraries, as well as working on the Curundú river to prevent flooding", reports Prensa.com.

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