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

  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • New highway for Ethiopia being constructed
    July 11, 2016
    Construction work on a 130km section of highway is being carried out at present in Ethiopia. The stretch runs between the towns of Awash and the city of Adama, which lie to the east of capital Addis Ababa. The new section of road being built will form part of the highway from Adama to Dire Dewa. The US$544 million project is being managed by the Ethiopian Roads Authority (ERA). The work is needed to improve the route from Addis Ababa to Dire Dewa, which carries a high percentage of heavy truck traffic and i
    Read More
  • Vandals attack road fittings on key Nairobi road link
    April 24, 2013
    A wave of vandalism has hit a new superhighway from Nairobi as Shem Oirere reports. The newly opened 45km superhighway in Kenya’s capital Nairobi is facing a new challenge that threatens to erode its international standards and compromise the benefits it is meant to generate. A wave of vandalism targeting road fittings has hit the US$360 million highway linking Nairobi to Thika Town, posing a new challenge in the maintenance of the new road infrastructure in Kenya. The destruction delayed the completion of
    Read More
  • New dual carriageway for South East Nigeria
    March 11, 2015
    Work is nearing completion on Nigeria’s important East-West road project. The new dual carriageway link should be ready to carry traffic in a matter of months. In all the project was originally expected to cost in the order of US$1.93 billion to construct and work commenced back in 2006. However an additional stretch may now be added that will extend the route. This project is of significance as it improves transport links to the South East of Nigeria, an area of the country that has long been overlooked fo
    Read More

Highlighted Content