Amador Convention Center Construction Project ResumesMonday, February 22, 2016 Panama City has confirmed that work resumed on 15 February and China State Construction Engineering will provide the capital needed to complete the work, which will maintain its original cost of $193 million. The process of transferring the contract was completed by HPC CONTRATAS P & V for the consortium CCA-Cocige which resumed the construction of the convention center on 15 February, according to the head of the Tourism Authority, Gustavo Him. New $25 Million Investment in HousingFriday, September 6, 2019 A 53-story residential tower is planned to be built on a plot of land of approximately 3,300 square meters in Panama City. Alive Real State, S.A. presented to the Ministry of Environment the Environmental Impact Study (EIA) to develop the residential project called "Alive." Tender for Fourth Bridge Over Canal SuspendedThursday, July 5, 2018 Due to an appeal claim presented by the Astaldi - Daelim Consortium, the suspension has been ordered of the tender act for the design and construction of the fourth bridge over the Panama Canal, in which Chinese companies obtained the best rating. In the qualification process carried out by the tender board, the consortium formed by the companies China State Construction Engineering Corporation LTD and China Railway Group Limited, was the winner of the tender with an economic proposal of $1.42 billion and an overall score of 69,9%. 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: Three Offers to Build $70 million JailWednesday, September 20, 2017 Chinese and Panamanian companies make up the consortiums that submitted offers ranging between $76.7 million and $77.4 million to build a new prison complex in Colón, Panama. The government ministry received the three proposals on September 18 in the best value tender for the project "Study, Design, Construction and Equipment of a New Penitentiary Complex in Colón", which will be located in the Rio Piña sector, in the town of Cristobal. Another Extension in Tender of Port in AmadorTuesday, March 7, 2017 For a second time the Panama Maritime Authority has postponed the date of opening of bids in the tender to build and operate a cruise port in Amador. The new date for submitting proposals in the tender for the construction and operation of a cruise port in Amador is March 17. This is the second time the Panama Maritime Authority has postponed the date. Large Chinese Construction Company Sets Up in PanamaWednesday, May 20, 2015 China Construction America, a subsidiary of China State Construction Corporation Limited Engineering, will be running projects for the fourth bridge over the Canal, and urban renewal of Colon. The Chinese company, which operates both in construction and in real estate, has thirty years of experience in these sectors, with operations currently running in New York, Washington DC, North Carolina, South Carolina, Louisiana, Florida, California, and other states in the US. A Natural Gas Terminal in the PacificMonday, December 4, 2017 The Panama Canal Authority is evaluating constructing a Liquefied Natural Gas supply terminal on the Pacific Coast, with an investment that could be around $100 million. Oscar Bazán, executive vice president of Planning and Commercial Development of the Panama Canal Authority (ACP), told Elcapitalfinanciero.com that "... they have already completed an exploratory study to determine the feasibility of installing a liquified natural gas supply terminal (LNG) on the Pacific coast. The study was conducted with cooperation funds from the United States Trade and Development Agency (Ustda)." Another Obstacle to the Fourth Bridge over the CanalFriday, August 23, 2019 The National Assembly created a commission to investigate the public contracting process by which the Panama Fourth Bridge Consortium was awarded the contract for the design and construction of the fourth bridge. After multiple delays in the tender process, the Varela administration and the Panama Cuarto Puente Consortium, made up of China Communications Construction Company LTD and China Harbour Engineering Company LTD, signed the contract for the work in question in November 2018. Another Appeal in Fourth Bridge TenderFriday, July 13, 2018 In addition to the objection presented by the Astaldi - Daelim Consortium, a legal case has now been filed by one of the consortia disqualified at the beginning of the process, called Cuarto Puente CSCEC-CREC, made up of Chinese companies. According to the Price Report (Technical and Economic), the Consorcio Cuarto Puente CSCEC-CREC, comprised of China State Construction Engineering Corporation LTD and China Railway Group Limited, was disqualified by the Evaluation Commission, since the aforementioned business group did not meet the minimum mandatory requirements set out in the tender documents. Panama: 43 Companies Interested in Cruise PortMonday, December 5, 2016 January 16 is the deadline for submitting proposals in the tender to build the port terminal in Amador, but some of the companies interested are asking for more time. Attending the meeting to approve the specifications for the port The Offers to Build a Bridge Over the CanalFriday, June 29, 2018 Between $1.211 billion and $1.813 million is the range of proposals submitted by companies interested in designing and building the fourth bridge over the Panama Canal. Of the four pre-qualified companies, Dragados Sucursal Panamá S.A., chose not to present their proposal at the event convened by the institution. Chinese to Build Bridge Over the CanalMonday, July 2, 2018 After two proposals were disqualified and another participant withdrew, the consortium formed by two Chinese state construction companies won the tender to design and build the fourth bridge over the Panama Canal. After Dragados Sucursal Panama, the company that had obtained the best qualification decided to withdraw from the contest, the road was paved for the consortium made up of the companies China State Construction Engineering Corporation LTD and China Railway Group Limited, to win the contest with a economic proposal of $1.42 billion and a score of 69,9%. The proposals to Build the Fourth Bridge Over the Panama CanalThursday, October 5, 2017 Four consortiums made up of companies from China, Spain, Italy and South Korea have presented their proposals to design and build a fourth bridge over the Panama Canal. The timeframe for building the work has been estimated at 42 months, and the estimated investment is over $1 billion. This project aims to connect the areas of Arraiján and La Chorrera, to the west, with Panama City, near the Canal Pacific sector. Guatemala: Foreign Construction Companies Interested in RoadworksThursday, January 19, 2017 Companies from Spain, Peru, Argentina, Mexico, Colombia, the Netherlands and Italy took part in the prequalification process to build and operate the Escuintla-Puerto Quetzal highway. The construction firms that participated in the prequalification process were: |
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