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Back Home > Centroamérica y Caribe > Panama: spanish companies pursue new projects.

Centroamérica y Caribe

Panama: spanish companies pursue new projects.

Spanish companies have shown interest in projects in Panama worth $4 billion that will be opened for bidding over the next few months as part of the government’s ambitious three-year $19 billion investment plan.

Sacyr, in a consortium with South Korea’s Hyundai, and Actividades de Construccion y Servicios, or ACS, through its subsidiary, Dragados, are competing for the contract to build a $1 billion bridge over the Panama Canal.

Among the high-profile projects that Panama wants to complete is Line 3 of the Panama City Metro, with the auction expected to be held next year, acting Spanish Promotion Minister Ana Pastor told reporters.

In June 2015, Panama awarded the Line 2 contract to the Brazilian-Spanish consortium formed by Odebrecht and FCC, a project worth $1.9 billion.

The Metro’s Line 1, which cost $2.1 billion, was also built by Odebrecht and FCC, and started operating in April 2014.

Spanish companies want to repeat the success of 2015, when they won contracts worth $1.7 billion, in the next round of bidding, Pastor said.

The Panamanian government’s plan for civilian infrastructure – one of the most ambitious in Latin America – also calls for a commuter train system and a logistics center linked to the Panama Canal.

The logistics center is slated to open on June 26.

During her visit to Panama, Pastor met with President Juan Carlos Varela and Spanish and Panamanian business leaders. (Fuente: LA Herald Tribune )