Here is another example of huge  happenings in our province of Chiriqui.  A project now expected to top $800 million for the widening of the Pan American Highway from David to Santiago.  I have reported before on the impact that this will have on the market areas along the highway and also my home town of Boquete.  The total market area that will be impacted is huge.  Where do you invest for the next wave of people who will come to discover this area of Panama?  Contact us to find out.

The proposed expansion and rehabilitation of 185 kilometers of the Inter-American highway from Veraguas to Chiriqui is being divided into five parts to be tendered separately.

The information was released by the chief of Public Works, Jaime Ford. This amount is $100 million more than the $750 million suggested by the Ministry of Economy and Finance (MEF). “Right now the Ministry of Public Works (MOP) is refining the details in order to receive offers to be presented by companies in the best value tenders scheduled for 21, 22 and 23 of August,” reported Prensa.com.

The MOP official said that within the ministry’s plans is the completion of the tender for the expansion to four lanes of the Inter American highway, payments for which, because it is a turnkey project, would be made in the next administration. The sections to be awarded are: Pita-David, San Felix-San Juan, San Juan-La Pita, Vigui-San Felix and Santiago-Vigui.

According to the the former Minister of the MOP, Jose Antonio Dominguez, the cost of the work is excessive because only two lanes will be built and the others will be only be renovated, therefore the price should not be more than $500 million.

Source: Prensa.com