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Wednesday, July 23 2014 @ 04:21 PM EDT

MOP Has Spent More Than $3.4 Billion On Contracts

Infrastructure UpgradesThe Ministry of Public Works (MOP) has let contracts worth more than $3.4 billion dollars since this administration took office in 2009. This is stated in a report by the Bureau of Contract Administration, which records each project, the contractor and investment in each province. The report does not include, however, the many direct contracts awarded by Minister Federico José Suárez. The Brazilian company Norberto Odebrecht is the prime contractor for the MOP, with projects worth $957 million dollars. Just the third phase of the coastal strip and improvements to Ave. Balboa will cost $782.1 million. The Brazilian company is followed by the Costa Rican company Meco - sometimes aassociated with the Mexican company ICA - involved in contracts worth $538 million dollars. The Spanish company FCC Construction, meanwhile, has won tenders for $418.9 million dollars. One of the latest contracts awarded was the widening of the highway from Puerto Armuelles to Paso Canoas, won by the Panamanian company Transcaribe Trading, a firm that has been crowned as the leading local contractor for the MOP. (Prensa)

Editor's Comment: When you see MOP contracts, think roads. The government of Panama has been spending budgets of about $15 billion per year, or about $45 billion in their first three years in office. Of that, more than $3 billion has been spent on roads. Good. The more, the merrier. I like roads, and a great infrastructure is good for business, and the economy. More, please...

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