Panama Invites Bids For Megaproject Blueprints

The government announced it will invite bids for designing the plans of the Government City.

Friday, June 11, 2010

This project comprises constructing institutional buildings, the financial tower and areas for residential, commercial and office development.

Alberto Vallarino, Economy Ministry, remarked that “part of the project will be financed by selling lots”, and that the entire cost of the project is not known yet.

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More on this topic

Panama: 23 Companies Express Interest in Financial Tower

September 2010

Authorities expect construction to begin in 2011 and that it will be ready in 2013.

Panama's Economy and Finance Ministry (MEF in Spanish), has held a preliminary meeting to discuss the $8 million contract, which includes conceptual design, draft architectural plans and technical specifications for the Financial Tower.

Panama to Invest $250 Million in Financial Tower

May 2010

Architecture studio Skidmore, Owings & Merril presented their initial design for the proposed building “Torre Financiera” (Financial Tower).

The government will build it in the location of the former U.S. embassy in Balboa Avenue, and it will house all the State’s economic and financial institutions.

Panama: SOM to Design Infrastructure Mega-Projects

February 2010

The Government of Panama has hired Skidmore, Owens and Merril (SOM), to create the conceptual designs of several infrastructure projects.

These include the Financial Tower (“Torre Financiera”), the new Conventions Center, the Government City and the Yacht and Fishing Club.

Panama: Conventions Center Project Moves Forward

September 2009

Skidmore, Owings & Merrill LLP (SOM) is working on the project's sketch, which will be the basis for the public bidding process.

The new conventions center is expected to be operating in 2013, with an exhibit area of 15.000 square meters.

Ernesto Orillac, main adviser for the Panamanian Tourism Authority, argued that "...Panama must have a world class convention center, considering that this type of tourism is the one who spends the most and stays the longest in the country".

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