españolPanama: $290 Million Widening of "Corridor" HighwaysTuesday, August 3, 2010 The company Ingenieros Civiles Asociados (ICA) has been given contracts to widen both the South and North Corridors. The works comprise the widening of the South Corridor to six lanes and the extension of the North Corridor, until 24 December. Northern Corridor Finally PurchasedMonday, June 11, 2012 It has been announced that the purchase of the highway from the Mexican company PYCSA by the Panamanian State will be completed in July and funded by issuing bonds. Negotiations for the purchase of the Northern Corridor from PYCSA should conclude in July with payment of 80% of the shares, said Rigoberto Effio, administrative and financial manager of the Empresa Nacional de Autopistas (ENA). Panama: $650 Million for Northern CorridorFriday, June 18, 2010 The government of Panama will have to pay $650 million to acquire 100% of the shares of the highway known as “Northern Corridor”. Dulcidio de la Guardia, the country’s finance vice minister, announced that this figure has been agreed between the government and Pycsa, the highway’s concessionaire. However, the transaction has not been closed yet. Panama: Inauguration of Second Phase of Northern CorridorWednesday, April 22, 2009 The first section of the project that was built at a cost of $112 million was officially opened yesterday. With the opening of this route, over 400 thousand users from San Miguelito and Panama Este will benefit. Panama to Buy Northern Highway for $650 millionFriday, March 2, 2012 The purchase of the highway from the Mexican company Pycsa comes after the $420 million acquisition of the Southern Highway. The government will buy the Northern Highway (Corredor Norte) for $650 million, given in concession to Mexican company Proyectos y Construcciones (Pycsa). Panama Approves South Corridor ExtensionTuesday, May 3, 2011 The state has approved the extension of the South Corridor and granted rights for the seabed to be filled in up to 40 hectares, so as to provide a source of funding for the extension. The new landfill will be extended between the former Marcos A. Airport Gelabert (now Punta Pacifica) and the Convention Center Atlapa. Purchase of Northern Highway ConfirmedWednesday, April 4, 2012 The Cabinet Council of Panama has authorized the acquisition of the Northern Corridor Highway from the Mexican company Pycsa, for a total of $650 million. A statement from the Presidency of Panama reads: Panama: $250 million Issuance for Expansion of Northern CorridorFriday, March 28, 2014 The 6% rate paid on the ten year term issuance is higher than that offered in issuances that were made to finance the purchase of the North and South corridors. The National Highway Company has turned to the stock market in order to fund the expansion of the northern corridor road, having succeeded in raising funds for the northern and southern sections. ICA To Carry out Works on Extension of Highway in PanamaTuesday, September 13, 2011 The $114.8 million contract includes the study, design, procurement and construction of Phase II of the Northern Corridor. The works to complete the extension of the road to four lanes must be carried out in 24 months. $600 million Bond Issue for HighwayMonday, October 1, 2012 The National Highway Company of Panama (ENA) has issued $600 million in ‘ENA Norte’ bonds, backed by cash flows from toll booths, and not guaranteed by the Panamanian Government. A statement from the Ministry of Economy and Finance reads: Loan Authorized for Northern Corridor ExpansionThursday, November 24, 2011 The Panamanian Cabinet Council has authorized the signing of a loan agreement between the National Bank of Panama and the National Highway Company for $52.9 million. A press release from the Presidency of Panama reads: Legal Problems for Purchase of the Northern CorridorThursday, May 17, 2012 An intricate relationship between the companies who own the raises questions about its purchase by the National Company of Motorways of Panama. The newspaper La Prensa had access to a note addressed to the Ministry of Economy and Finance, in which Messrs. John, George and Javier Melgarejo Haddad point out that the transaction could suffer because of a lack of "legal effectiveness". Panama: Trust for Northern CorridorFriday, September 14, 2012 The Trust ENA Norte is to issue bonds worth $600 million maturing in 2028, in order to finance the purchase of the Northern Corridor from the Mexican company PYCSA. From Resolution 118 of the Cabinet Council of Panama: Panama Buys $700 Million Highway ContractsFriday, March 26, 2010 The Government purchased the Southern Corridor highway, operated by ICA, and 51% of the Northern Corridor, operated by PYCSA. $420 million were spent to purchase the South Corridor from Mexican corporation Ingeniero Civiles & Asociados (ICA), and $280 million were paid for 51% of the North Corridor, owned by Proyectos y Construcciones S.A. (PYCSA). Tender: Roadworks for $26 millionMonday, March 20, 2017 The Ministry of Public Works is putting out to tender works on adapting to three lanes and reversing of lanes in the North and South corridors, in Panama City. Panama Government Purchase 2017-0-09-0-08-AV-004921: |
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Tuesday, May 30, 2023 - last update: Monday, 3:39 pm
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