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

  • Bolivia road contract awarded to Chinese firm
    February 9, 2017
    A Chinese contractor will carry out a major highway project in Bolivia. The company, Sinohydro, will construct a new road section close to El Sillar and the work will form part of the highway connecting Santa Cruz with Cochabamba. The work for the 28km stretch of road is costing around US$450 million to carry out and the link is due to open to traffic in 2019. Work on this section of road was intended to commence earlier but was delayed due to a number of unexpected administrative issues. Financing for this
    Read More
  • Guyana road contract awarded
    June 29, 2022
    A key road contract has been awarded in Guyana.
    Read More
  • Chile road project, tender process opening
    April 17, 2019
    The tender process is opening for an important road project for Chile. The bidding process for the 142km road upgrade project is opening at the end of May 2019, with construction expected to start in 2021 once the necessary permissions process and financing package has been finalised. The work is for the improvement of the Camino de la Fruta road link, Chile’s Ruta 66. This road runs from San Antonio on the coast and connects with the country’s key north-south link, Ruta 5, at Pelequén to the north of San F
    Read More
  • Qatar developing highway expansion plan
    June 16, 2016
    Qatar is setting the wheels in motion for the development of a comprehensive highway network. Engineering firm KBR is working on a three year, US$185 million consultancy contract to manage Qatar’s highway construction and improvement programme. This package is an extension to KBR’s earlier contract, which the firm won in 2010. The new contract was awarded by Qatar’s Public Works Authority (Ashghal) and the highway network plans will form part of the country’s National Vision 2030 strategy. New and improved
    Read More

Highlighted Content