Tocumen Cancels Contract for Moving Walkways

Now new suppliers are being sought for the installation of moving walkways at the North Terminal of the International Airport.

Monday, August 12, 2013

South Korea's Hyundai is nine months behind on the installation of the moving sidewalks at the north terminal of Tocumen International Airport.

According to Juan Carlos Pino, general manager of the state run company, Hyundai's local representative, Elevadores del Istmo, "is not able to install the conveyor belts."

"We are now at the point where we are going to terminate the contract, we will cancel it, because about nine months have passed with a commitment to their installation and we see no light at the end of the tunnel," the official said adding that they have already talked to other companies such as Mitsubishi, with whom they may be able to solve the problem in the next three months.

Meanwhile Antonio Sucre, manager of Elevadores del Istmo, said the company is able to install the equipment and has therefore requested two months to complete the work. Sucre said the delay was due to a technical problem with the structure at the worksite which prevents the placement the moving sidewalks.

More on this topic

Tocumen Expansion to Cost a Further $99 million

June 2016

Design modifications and additional works total $99 million more than the original cost of the project being undertaken by Odebrecht, who will now have 14 months to complete construction of Terminal 2.

From a statement issued by the Presidency of Panama:

Tender to Supervise Works Suspended in Panama

May 2013

Tocumen SA has been ordered to temporarily suspend the tender to select the company that will oversee the construction of the South Terminal.

The Public Procurement Directorate (CMPD) took the decision after receiving a complaint lodged by the CSA Group Panama, Inc, who argued that the changes made to the specification could favor one participant.

Panama: $600 Million in Bonds by Tocumen SA

May 2013

The bond issue is announced for mid-year, as part of the financing for the construction of the South Terminal.

Juan Carlos Pino, manager of the company, estimates that the bonds will be issued at the end of June or early July.

The funds will be used to expand the capacity of the existing terminal. "We need to build new taxiways to speed the transit of aircraft in the terminal in the rush hours," said Pino.

Panama: Jet Terminals to be Built

August 2011

Tocumen and Howard Airports are planning new terminals for private planes.

Soon the 300 plus private planes landing in Panama City every month may be able to do so in a new air terminal, which will require, in principle, an investment of about $3 million.

The investment will be made jointly by the airport administration and private companies who have shown interest in participating in the project.

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