Panama road contract extension for construction firm

Contractor Constructora Meco has been awarded an extension to the package of works it is carrying out in Panama to upgrade the road running through Pedregal, Gonzalillo and Transistmica. The Costa Rican contractor was awarded the extension by Panama’s Ministry of Public Works (MOP). The work involves improvements to an 11km road section that will help improve traffic flow between the east and north of Panama City. The work was originally expected to cost US$97 million but has now increased to $127.8 million
June 8, 2018 Read time: 1 min

Contractor Constructora Meco has been awarded an extension to the package of works it is carrying out in Panama to upgrade the road running through Pedregal, Gonzalillo and Transistmica. The Costa Rican contractor was awarded the extension by Panama’s Ministry of Public Works (MOP). The work involves improvements to an 11km road section that will help improve traffic flow between the east and north of Panama City. The work was originally expected to cost US$97 million but has now increased to $127.8 million. A major factor in the increased pricetag has been the unexpectedly high compensation rates paid for the land.

Road Structures

Related Content

  • Abertis owed US$1.39bn from Spanish government for AP-7 Catalonia expansion
    March 6, 2013
    The debt owed by the Spanish Government’s Ministry of Works to infrastructure firm, Abertis, for the expansion of the AP-7 road in Catalonia stood at €1.07 billion (US$1.39bn) by the end of 2012 – an increase of 40.7% in just one year. The concession firm, Acesa, which is part of the Abertis group, signed an agreement with the Government in 2006 to add an additional carriageway on certain stretches of the highway, with the toll system also being changed to a payment model on exit instead of central tolls. T
    Read More
  • US$227.5 million road deals for Seymour
    October 3, 2024
    US$227.5 million road packages will be handled by Seymour Whyte.
    Read More
  • Norway’s new ‘green’ highway route
    November 13, 2020
    A new route in Norway will provide a faster and greener highway connection between the capital city Oslo and the northern city of Trondheim
    Read More
  • South Korea roads extension programme planned
    February 13, 2017
    South Korea has announced a programme of works that will see the country’s national road network being extended by over 900km. The budget of US$6.41 billion for the work has been set by the South Korean Government. The Ministry of Land, Infrastructure and Transport has drawn up the plans for the work which will include upgrades and extensions to 73 stretches of road in all. During the first six months of 2017 around 60% of the budget should be used for the necessary road construction activity. One of the ma
    Read More

Highlighted Content