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

  • Texas highway projects moving ahead
    June 4, 2018
    Two major highway projects are now moving ahead in Texas. One project is for the Grand Parkway around Houston, the other is for the construction of three bridges at an interchange on US 290. Grand Parkway Infrastructure is to construct a stretch of the Highway 99 Grand Parkway, which will run around Houston. In all the project for the 295km gyratory highway is costing US$1.28 billion. The package of works was awarded by the Texas Department of Transportation and involves building extra toll lanes as well a
    Read More
  • Consorcio Panama Cuarto Puente wins fourth Panama bridge contract
    August 1, 2018
    Panama has decided to award a contract for the design and construction of a fourth bridge over the Panama Canal to Consorcio Panama Cuarto Puente. China Communications Construction Company and its subsidiary China Harbour Engineering Company are heading up the consortium for the US$1.42 billion project. Other consortia that put in bids included Dragados Sucursal Panamá and Astaldi-Daelim. News agencies report that the government initially chose the Chinese consortium in June but the final award was
    Read More
  • Cost reductions on Russian highways
    July 12, 2012
    Major cost reductions are being seen on some key highway projects in Russia including the new ring road project in St Petersburg, where the reduction is US$192.31 million. The management of the ring road in St Petersburg has signed an agreement with the main contractors (Flora, the corporation Inzhtransstroy) to cut costs by 12-17.6% in 2009-2010. The 12% reduction is equivalent to US$32.05 million and will apply to contractors that are to complete facilities in 2009. Meanwhile the 17.6% cut is for work pla
    Read More
  • £185 million deal for A9 in Scotland
    August 9, 2024
    A £185 million deal has been awarded for the A9 in Scotland.
    Read More

Highlighted Content