The contracts are for patching work, supervision, resurfacing of roads and main pathways, and bridge maintenance, among other things, on the national road network.
The Ministry of Communications, Infrastructure and Housing (CIV) is inviting bids for 430 road maintenance projects, through the Road Maintenance Fund, in which about $100 million will be invested.
A previously called into question local company offered lower prices than international consortia who also submitted bids.
The Ministry of Public Works and Transport (MOPT) has awarded to the consortium Hernan Solis-La Estrella the construction of the northern stretch of the ring road, at a cost of $141 million. Work will begin in the first months of 2015 and will take 18 months.
Complaints have been made that the bill awarding construction of the Caribbean route to a Chinese company was approved without preliminary drawings, calculation of materials and study of costs.
Grupo Consenso believes that it is "unacceptable" that the Committee on Financial Affairs agreed to accept as reasonable the cost presented by China Harbour Engineering Company (CHEC), in the amount of $465 million.
Spanish, Chinese and Costa Rican companies submitted bids for the expansion to four lanes of a 1.7 kilometer stretch of urban road.
The National Roads Authority (Conavi) received six bids for the proposed expansion and renovation of National Route 3, located from the intersection of the factory in Pozuelo Uruca to Jardines del Recuerdo at the Valencia de Heredia.
The Ministry of Public Works of Panama is putting out to tender the renovation and maintenance of the national road network for 2014.
Panama Government Purchase 2013-0-09-0-99-003335-AV:
"RENOVATION AND MAINTENANCE OF ROAD NETWORK YEAR 2014 (Paving Your township) IN THE PROVINCES OF BOCAS DEL TORO, COCLE, COLON, CHIRIQUÍ, DARIEN, HERRERA, LOS SANTOS, PANAMA, PANAMA WEST AND VERAGUAS."
The Government has announced that will negotiate international loans for $920 million for road construction.
The Ministry of Communications, Infrastructure and Housing (CIV) said it would be looking to obtain credit with international banks in order to expand three stretches of highway which go towards border crossings. Alejandro Sinibaldi, head of the CIV, confirmed that the three loans could materialize next year.
In Honduras the Continental Bank is to manage a trust fund of $270 million for the construction and maintenance of roads.
This was announced by José Antonio Pineda of the Commission for the Promotion of Public Private Partnerships (Coalianza). He explained that five banks were involved in the process but Continental was the only one to bid.
"Banco Continental was awarded the management of the trust of this road.
Out of three equal bids, the Costa Rican company Meco was awarded the contract for the construction of a road interchange at the former Howard military base.
The construction company beat its opponents Conalvías and Urban Construction SA (Cusa) in the final evaluation, after the three companies bid the same amount for the implementation of the project which will connect to the Centennial Bridge in the future.
$120 million for "financing costs" will be added to the charges resulting from contracts from the tender for the expansion of the Inter-American Highway in Panama.
"... The project could end up costing $1.092 billion, because in the resolutions for the award of contracts, signed by the Minister of Public Works, Jaime Ford, additional amounts have been included for "financing costs" and "costs associated with the Ministry of Public Works (MOP) ", reported Prensa.com.
The Chairman of the Instituto Nacional de Seguros de Costa Rica says there is $13 billion available in domestic financial institutions that could be profitably invested in road infrastructure.
Prensalibre.cr reports that at a hearing of the Committee on Economic Affairs of the Legislative Assembly, the president of the INS, Guillermo Constenla explained to deputies "his opinion on the possibility of financing of the route between San Jose and San Ramon. "
Conalvías, Meco and Constructora Urbana submitted proposals with a difference of one dollar in the tender to build the road interchange at the former Howard military base.
Seven companies were initially interested in the tender conducted by the Ministry of Public Works and whose reference price $33 million.
Conalvías, Meco and Constructora Urbana presented almost identical analysis, with a difference of only one dollar and two cents.
A clarification meeting has been for the tender for an interchange on the Panamerican highway road whose reference price is $33 million.
The companies who attended the clarification meeting held by the Ministry of Public Works were: FCC Construcción de Centroamérica S.A., Alquileres y Ventas Panedi, Conalvías S.A., Ceiusa, Conconcreto, Constructora Meco S.A., and Heliopol PMA.
Contracts for $922 million were awarded to five companies for expanding and renovating 185 kilometers of the Inter American Highway.
The value of the works has exceeded the estimate made by the Ministry of Economy and Finance of $750 million. The construction company Norberto Odebrecht was awarded 71.24 kilometers from Santiago- Vigui. Its financial proposal was $339.5 million and the MOP's reference price was $352.8 million.