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

  • Slovakian projects underway
    April 4, 2022
    Slovakian road projects are underway.
    Read More
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More
  • Delays have hit Chile’s Chacao Bridge project
    August 28, 2013
    Delays now look likely to affect the construction programme for Chile’s Chacao Bridge project. The US$740 million bridge project, long in planning, has been delayed on previous occasions for a number of reasons. The tolled link will connect Chiloé Island with the Chilean mainland in its Region X once complete. This 2.6km link will become South America’s largest suspension bridge although its opening will reduce journey times considerably over 25-45 minutes taken by the ferries used at present to link with C
    Read More
  • New Midtown Tunnel open in Virginia
    January 30, 2017
    A project to construct the second Midtown Tunnel link in the US state of Virginia alongside the original connection has taken an important step forward – Mike Woof writes Commuters in the US state of Virginia will be pleased that the new Midtown Tunnel is now open to traffic, as it will help to boost capacity and cut congestion on the busy US 58 route connecting Norfolk and Portsmouth. The 1.13km tunnel link has been built to link with the interchange at Brambleton Avenue and Hampton Boulevard in Norfolk
    Read More

Highlighted Content