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

  • Costa Rica highway project completed
    December 18, 2018
    Work is now complete on a US$33.7 million highway project in Costa Rica. The work was carried out by Eurofinsa and involved upgrading Route 35, including building four bridges and two interchanges, one of which featured two overpasses. The National Route 35 was widened two four lanes between Florencia and La Abundancia and three lanes between Quesada and La Abundancia. According to IBT, part of Eurofinsa, the upgraded road forms part of a new highway that connects the Interamerican North Route 1 to the r
    Read More
  • Key Chilean connections
    November 27, 2012
    Strong interest is being shown in the construction sector in Chile for the project to build the Chacao Bridge. The tender process is due to open in the first half of 2013 and a large number of contractors, over 30, have already acquired terms and conditions of the works package. The construction project is expected to cost US$740 million. Bidding is expected to close in early 2014 and the winner will be selected and the contract awarded. Work should start in 2015 and the completion date will be in 2019. A
    Read More
  • Armenia north-south highway route
    October 9, 2017
    Plans are being drawn up in Armenia for the new North-South Highway project. Measuring some 556km in all, the project is expected to cost in excess of US$2 billion to construct, although there it is possible that the final pricetag will be somewhat higher. The country's Ministry of Transport says that the southern section of the highway between Artashat and Megri will cost $1.5 billion to build alone.
    Read More
  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
    Read More

Highlighted Content