Despite the fact that the Ministry of Economy and Finance (MPEG) confirms that there are eight projects through Public Private Partnership (PPP) currently progressing, only one appears to be progressing to the bid stage.
It’s about rehabilitation of the Pan American Highway from Las Garzas to Yavizaa project worth 46.6 million dollars whose opening of economic bids is scheduled for May 2 this year.
The National Secretariat of Public-Private Associations notes two more projects with significant progress and another five in the initial stages with an investment of up to USD 3 billion, he reported Eder Córdoba, director of public financing of MEF.
It is not known what these projects areNamely, although the public authorities mentioned the Costanera highway as one of them in previous statements.
Regarding the restoration of the Panamericana Este, there are 14 interested proponentss, the official reported.
It’s recent Minister of MEF, Héctor Alexandermet with World Bank (WB) Director for Central America, Michel Kerf, and Saleh Asvat, National Secretary of Public Private Associations (PPP)to review the status of projects.
Kerf mentioned it The World Bank approved a loan of 7.5 million dollars to Panama providing technical assistance in the preparation of the project.
Works that will be built using this modality feasibility study and pre-qualification required in order to finally start making proposals and judging public acts.
MEF ensures this he prepared organizational structuresmanuals on procedures and regulatory standards that enable coordination, traceability and execution of the approval process for SZB.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
