Metro Line 3: The Future of Panama WestFriday, January 29, 2016 A video released by the Metro Department shows details of the project which has the potential to enhance the development of an area that is already growing and whose population will have doubled by 2050. The inclusion of the logo of the International Cooperation Agency (JICA) next to the Panama Metro Secretariat gives a certain confidence regarding the success of the realization of a work which is not only vital for the development of the area west of Panama City, but will confirm the direction of modernity that the country has turned towards since recovering the Canal in 2000. International Tender: Master Plan for Panama MetroMonday, February 13, 2017 A call has been made for expressions of interest to develop a pre-feasibility study for a new network master plan for the Panama Metro system, with emphasis on lines 4 and 5. From the announcement made by the Panama Metro Secretariat: Who Wants to Build Line 3 of the Panama Metro?Friday, June 2, 2017 Nine consortiums from China, Italy, South Korea, Spain, Brazil and Portugal want to be prequalified to design and build Line 3, which has $2.6 billion in financing. From a statement issued by Metro de Panama: Chinese Construction Company Accused of FraudWednesday, March 4, 2015 China Harbour Engineering Company, one of the bidders in the tender for Line 2 of the Panama Metro and a contractor for road works in Costa Rica, is ineligible to participate in projects financed by the World Bank. Given the criticisms over its main involvement (60%) in one of the consortia which submitted bids for the construction of the Panama Metro Line 2, a spokesperson for China Harbour Engineering Company (CHEC) Latin America argued that ".. Panama Soars Ahead of Central AmericaWednesday, November 26, 2014 The conceptual advantage that is raising the country above its Central American neighbors is demonstrated by the implementation of the project for Line 3 of the Panama Metro between Albrook and Ciudad del Futuro. EDITORIAL New Airport For NicaraguaWednesday, July 22, 2009 It will require an investment of $7 million, and will be located in the southern Caribbean coast, close to Costa Rica. Operations are scheduled to start in 2011, serving local flights as well as connections to Colombia, Costa Rica and Panamá. Tender: Costa Rica - Panama Bridge ConstructionFriday, May 27, 2016 The Office for Project Services at the UN is putting out to tender the design and construction of a binational bridge over the Sixaola River. The tender for the "Design and Construction of Binational Bridge over the River Sixaola under Sustainability Standards between Costa Rica and Panama," is only open, via contract or subcontract, to the following Private sector contracting companies: Former President of Odebrecht ConvictedWednesday, March 9, 2016 The court ruling that imposed a 19 year prison sentence has forced a review of the projects being managed by the company in the region, where two projects which are underway in Panama alone, total $2.4 billion. On March 8th the Brazilian justice system condemned Marcelo Odebrecht, former CEO of the largest Brazilian construction company, Odebrecht, to 19 years and 4 months in prison and to pay a fine of $35 million along with executives from the group for the payment of about $65 million in bribes to officials in the case of corruption in the state run oil company Petrobras, reported La Prensa. The ruling mentioned fraud in tenders, where bribes were also paid for the award of the works. Who, What, and How Much of a $400 million ProjectMonday, July 20, 2015 Gator Partners has obtained a provisional license to build in Bahia Las Minas, Panama, a power plant with a capacity of 400MW, based on ethane. Gator Partners is planning to build and operate a power plant called "Térmica Energía Corotú" which will operate using ethane gas with a combined cycle plant with a capacity of 400MW. Panama and Rising Construction CostsMonday, August 28, 2017 An increase in the cost of construction permits, new rates for services from public entities and a more expensive labor force explain a large part of the increase in real estate sales prices. The guild of construction companies in Panama states that prices for homes, shops and apartments are so high that in many cases buyers can not afford them. The increase, they say, is not due to increases in the cost of construction materials, but to an increase in the cost of paperwork, such as building permits, higher interest rates for loans and the elimination of some subsidies. Market Supports Grand Canal of NicaraguaThursday, June 5, 2014 The continuing evolution of maritime transport towards ever larger ships is the main reason that Maersk shipping line sees the mega project as a real option for the future. Commercial validation of the Grand Canal of Nicaragua project has been underpinned by the opinions expressed by the Head of Daily Operations at Maersk Line, Keith Svendsen, who told Shippingwatch.com that while the Panama Canal expansion will allow the passage of much larger vessels than at present, the maximum length that will be admited is 336 meters, while the Triple-E series used by the leading global shipping company, now measures 400 meters. Construction Association MeetsFriday, April 29, 2011 Panama will host the meeting of the Regional Chamber of Construction Organizations of Central America and the Caribbean on the 5th and 6th May. Representatives from across the region will participate, presenting among other things, a report on the status of the sector in their respective countries. Will the Panama - Costa Rica Bridge Be Built Now?Tuesday, March 8, 2016 The bridge building project which has been on paper since 2005 has been resurrected, with the announcement that the documents needed to tender the construction will be ready in March and the works will start in June. Eleven years and half a dozen Panamanian and Costa Rican presidents have tried to put out to tender the construction of the bridge over the Sixaola river on the border between Costa Rica and Panama. Extreme bureaucracy, unenforceability and unfulfilled political promises surrounded the project which now has a new contract announcement. Prepaid Cards Are ComingThursday, April 12, 2012 Although in Colombia, Venezuela and Peru use of pre paid cards is widespread in Central America they are only in the initial stages of implementation. Having successfully piloted in South America, MasterCard and Visa intend to introduce and expand the use of the prepaid card in Panama, where the use of this product is in an early stage, as well as the rest of Central America. Energy and Infrastructure Investment FeverTuesday, January 17, 2012 At the First Central American Forum on Energy and Infrastructure Project Finance, participants highlighted the number of ventures taking place in Central America in these sectors. The Panama Canal expansion is just one example that stands out of the many investment projects in energy and infrastructure, both public and private, going on in Central America, in contrast to the sluggishness in Europe, according to participants in the industry forum held in Panama. |
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