After multiple attempts to liquidate the contract and collect the bonds for the road works that were awarded to the Brazilian construction company, the Guatemalan government has finally received the money and will be able to tender the works again.
Representatives from the executive board announced that they have already received two bonds corresponding to the road works for 140 kilometers of the CA-2 highway, meaning that the path to bidding for new contracts is practically open.
Following the Brazilian construction company's abandonment of the road work contract that had been awarded, the government intends to make a claim on the advance payment and performance bails which amounts to $122 million.
The contract consisting of the extension of 140 kilometers of the CA-2 West highway was awarded to the construction company Odebrecht in 2012, however, the company abandoned the work after performing work on only 43 kilometers.
The Panamanian Government has announced the execution of bonds of two contracts for the construction of hospitals awarded to IBT Health Group.
The President of the Republic, Ricardo Martinelli said that the contracts for the General construction of the hospitals Meteti, Darien and Général de Bugaba, in Chiriqui for US$36.5 and $30.6 million respectively, will be terminated and that at the same time they will follow the relevant legal procedures relating to contracts for the hospitals of La Villa de Los Santos and Colon, with the same company.