Panama: Cancelation of Another Contract Signed by Previous Government


News from Panama / Monday, May 18th, 2015

pele

Pointing to overruns the Varela administration has annulled a $22 million contract for support to the system for mobile equipment and back office staff at the Maritime Authority of Panama.

From a statement issued by presidency of Panama:

The Cabinet Council has approved a resolution which issued a favorable opinion to the unilateral termination of the contract for monthly support services to the Pele Marine system for mobile devices and back office administrative staff at the Panama Maritime Authority (AMP).

The resolution presented by the AMP is based the fact that the company Pele System, Inc., which supplied equipment totaling 21.6 million dollars, did not attend to the needs of the institution and the contract is contrary to public interest.