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. 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). Panama Will Renegotiate Pycsa’s and ICA’s ContractsWednesday, March 3, 2010 The government will renegotiate two highway construction contracts from the 1990s, one with ICA and another with PYCSA. The announcement was made by Economy Ministry Alberto Vallarino after an audit process revealed that both projects are too costly to be profitable. Panama to Materialize Highway PurchasesTuesday, February 8, 2011 Between April and May, the Government will purchase the North and South highways for $ 1,070 million. The likely dates for the transaction would be April 10 or May 25, added the Minister of Economy and Finance, Alberto Vallarino. Panama: $125 Million to Widen Southern CorridorTuesday, April 27, 2010 Works comprise widening the road to seven lanes in both directions and relocating toll stations. Mexican corporation ICA will execute the project, which runs from “Presidente Remón” Hippodrome to Tocumen. $220 million Profit on Sale of HighwayWednesday, August 24, 2011 The Mexican company ICA made a net profit of about $220 million after the concession for the Southern Corridor reverted to the Panamanian government. A press release by the company dated August 1, 2011 stated that “Today, ICA and the company owned by the Government of Panama, the National Highway Company, SA (ENA) signed an agreement for the sale of shares held by ICA Panamá, for the ‘Corredor Sur’ concession. The Southern Corridor is a 19.8 km highway linking the center of Panama City and Tocumen International Airport. Appeal over Convention Center DismissedFriday, September 28, 2012 The directorate of the Panamanian State has dismissed a claim submitted by the builder ICA concerning defects on the bidding process used to select the builder of the Convention Center at Amador. In response to complaints by the Mexican company Ingenieros Civiles Asociados (ICA), the directorate said that the Tourism Authority of Panama complied properly with the format for publishing all the information related to the bidding process, therefore it resolves that the claim is inappropriate. Another Company Interested in Amador Convention CenterTuesday, September 29, 2015 A consortium made up of Panamanian and foreign companies may be willing to resume the project for the same $193 million for which the work was originally tendered. Gustavo Him, administrator of the Panama Tourism Authority, "... made it clear that this is not to do with the Brazilian company Norberto Odebrecht or the Mexican company Ingenieros Civiles Asociados (ICA), which had expressed interest in the project months ago. In the case of Odebrecht, the Brazilian was proposing $122 million above the amount agreed; while ICA, about $ 66 million above what is stipulated in the contract. " 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. ICA to Widen Road in Panama CityTuesday, April 12, 2011 The project includes the design and construction needed to improve 12.3km of the "Avenida Domingo Díaz" road as part of the city's highway upgrades program. A consortium headed by ICA's civil construction division has signed a fixed price construct worth approximately $238 million with Panama's ministry of public works to rebuild and widen the main highway running through the center of Panama City, called Avenida Domingo Díaz. "This announcement reaffirms ICA's commitment to continue expanding its engineering and construction capacity in selected Latin American markets. Panama: Sale of Corredor Sur Signed for $420 millionTuesday, August 2, 2011 The government has signed a contract for the acquisition of 100% of the shares of the road called ‘Corredor Sur’ from the company ICA. The transaction was made between the State National Highway Company (ENA) and Ingenieros Civiles y Asociados (ICA), and consists of $25 million in equity and issuing $395 million in bond debt. Change of Construction Company for Amador Convention CenterThursday, September 10, 2015 Lack of liquidity has prevented work from continuing with the original contractor, which could be replaced by Brazil's Odebrecht or the Mexican company Ingenieros Civiles Asociados. Eric Velasquez, engineer of the Tourism Authority of Panama in charge of coordinating this project, told Prensa.com that "... the consortium argued lack of financial capacity to make changes (which were requested by the ATP) and continue the work, therefore they agreed to find another company to take on the project without changing the final cost. Tender For Convention Center ChallengedThursday, September 27, 2012 The Mexican construction firm ICA has pointed to defects in the bidding process in the selection of the builder for the Amador Convention Center. Now the State Procurement Directorate has five working days to resolve the complaint that has been lodged. Three Proposals for Convention Center in AmadorThursday, September 6, 2012 The companies Constructora Norberto Odebrecht, Ingenieros Civiles y Asociados (ICA), and the consortium HPC-Contratas-PIB have submitted their proposals for the construction of the new convention center. The best value tender is for the design, equipment, and construction of a center for conventions, events, and exhibitions, in Amador, Panama City. 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). |
|
Sunday, February 5, 2023 - last update: Thursday, 9:43 pm
|
|
2921
×
![]()
