Odebrecht to Build Tocumen South Terminal for $680 million


News from Panama / Tuesday, September 25th, 2012

As a testament to Panama’s growth , Tocumen will be the largest hub in the Americas with this expansion.  It was just 4 years ago when I saw Tocumen expand the north dock and re do the interior of the original terminal.  I was impressed by the $68 million expansion that occurred back then.

The Brazilian company Norberto Odebrecht, with an bidding price of $679.4 million, will build the South Terminal of Tocumen International Airport.  The tender also featured the participation of Costa Rican Meco, Conalvías group from Colombia, and the China Harbour Engineering Company. A total of 33 companies were interested in bidding, participating in the approval process of the tender.

The businesses, Meco, S. A. and Conalvías, S.A. were disqualified for failing to meet the financial requirements set out in the tender conditions.

“The tender for best value included a technical and an economic evaluation, for a maximum total score of 70. Odebrecht scored 68 points, while the China Harbour Engineering Co., 47 points.

The Public Procurement Act stipulates that contestants have three business days to make comments on the technical and financial report”, reported Laestrella.com.pa.