Moving from Mingob: Link close to $5 million

In 37 months, The Ministry of the Government will pay 3.5 million dollars for rent of its offices in Tumba Muerto, at the entrance to Condado del Rey.

This is equivalent to $96,018 per month, including maintenance, for occupancy seven floors of two towers of the Condado Business Center building.

Last week, Government Minister, Roger Tejadaannounced the ministry’s move, with the intention of turning the headquarters of the Old Town into a museum dedicated to the republican history of Panama.

Move, occupy 7,783 square meter building in Condado del Reyit is divided into four phases, the first of which was completed in December last year.

At the beginning of this year, the second phase began, which consists of renew the office lease agreement which were previously located in this place, such as the Directorate of the Prison System, Informatics, Planning, the Institute for Interdisciplinary Studies and the Directorate for Suppression of Juvenile Delinquency.

In the third phase, They will move from February 1services of Internal Audit, General Service, Human Resources and General Archive.

Finally, starting March 1stthe Directorate for Administration and Finance, Legal Counseling, Inspection, and the Main Secretariat, Deputy Ministries and the Superior Office will be established.

He monthly rent per square meter is $11.50therefore, by December 31, 2026, 2 million 867 thousand 940 dollars and 87 cents ($2,867,940.87), plus 684 thousand 745 dollars and 13 cents ($684,745.13) will be paid in rent.

This is not the first time that the Ministry of the Government rents offices in this complex from the Royal County.

From 2021under the management of Janaine Tewaney, the offices for which the contract was renewed this month were relocated.

In the first contract, The lease payment is agreed between May 2021 and April 2025, in the amount of 1 million 974 thousand 726 dollars and 24 cents ($1,974,726.24). plus $310,980 and 48 cents ($310,980.48).

If the contract was renewed in January of this year, By December 2023, one million, 316,484 dollars and 16 cents ($1,316,484.16) was paid in rent.) plus $103,660 and 16 cents ($103,660.16).

In summary, From 2021 to 2026, the contractual relationship between the Ministry of Chiefs and the county business center will amount to $4.97 million. between lease and maintenance, emphasizing that contracting is directly through a special extraordinary procedure.