Three Consortiums Bid for Panamanian Metro Bus

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

Wednesday, May 26, 2010

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.

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More on this topic

Panama will Introduce Metro Bus Administrator

December 2010

The government will announce on December 15th, the company responsible for managing the transportation system.

The announcement of the company in charge of collecting payments from users of the transportation system, is a few weeks late.

"The bid process to choose a financial manager was suspended in October when it was already at an advanced stage" reported Prensa.com.

Leasing Could Be an Option in Panamanian Metro Bus

May 2010

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

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.

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.

Panama Launches "Metro Bus" System

November 2009

The first contract for "Metro Bus", a new transportation system, will be awarded on March 29th, 2010.

This project will renew the current bus fleet with air conditioned, high capacity vehicles, but will commence with existing 'Red Devil' buses ("Diablos Rojos").

Demetrio Papadimitriu, presidential minister, remarked that the system "...

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