Comptroller calls for bond to exceed $220 Million for Odebrecht project at Tocumen for protection

Infrastructure

OP ED: by James “JB” Bryson

A necessary step and actually shocking that the government does not have the ability to get out of bed with these pre-existing agreements with such a dangerous and sullied enterprise.


Tocumen, SA will expand the scope and amount of the fourth addendum to the contract it has with the Brazilian company Odebrecht for the construction of the new passenger terminal.

The state company had agreed, for 18.3 million dollars, changes in the contract, sent on October 10 to the Office of the Comptroller General of the Republic. In this modification, Tocumen recognized part of the increase in the cost of materials and increase in wages agreed in the last collective agreement of the construction sector.

Now, however, Tocumen has requested the Office of the Comptroller General to stop the analysis of said addendum, since the administration of the airport decided to include a series of changes to the baggage system, which will imply an increase in the cost of the project and, therefore, an increase in the amount of the addendum.

Óscar Ramírez, manager of Tocumen, SA, told this newspaper that the final content and the new increase to the project will be presented today to the board of directors of the airport for approval. “Once we have the approval of the board, I can give more detail of the change that will be made to the addendum,” Ramírez said.

With the 18.3 million dollars agreed in the fourth addendum, the work that was awarded in 2012 for 679 million dollars, already exceeded 910 million dollars, a figure that will be higher with the steps that Tocumen intends to take.

How is the relationship between Tocumen and Odebrecht if the contract expired on November 10 and what gave it effect was the addendum that has not been endorsed by the Comptroller?

Ramírez confirmed that the contract is “discontinued”, but noted that the bond of 220 million dollars is valid until January 25.

“Odebrecht has continued to work, but can not charge until the addendum is endorsed by the Comptroller,” said the executive.

READ MORE:https://impresa.prensa.com/economia/Tocumen-modificara-adenda-Odebrecht_0_5199230076.html

No Comments

Leave a Reply

Your email address will not be published.

"JB"
Who would sacrifice “God Given Natural Beauty” to make a buck?? Give you one hint……..

Op Ed: Well the holidays were fantastic. Got to see my Grandaughter ( my God is she growing!!) . She made the Dean’s List, and she is becoming John Legend on the piano. I truly hope everyone else’s was as rewarding as mine. Even got the wife to somehow chug …

Economy
“Costa del Este” forming into the Monaco of LATAM real estate in terms of pricing.

https://www.laestrella.com.pa/economia/costa-del-este-el-barrio-mas-caro-de-america-central-CB5672602 An investigation carried out by three real estate portals places Costa del Este as one of the places where it is most expensive to buy apartments Buying an apartment in the exclusive neighborhood of Costa del Este, in the town of Juan Díaz, in Panama City, is more expensive …

Human Interest
I woke up a little late this morning. Chaos in the streets

My wife, whom we always seem to coordinate things together took it upon herself to run a few errands. I then get my cell ringing, and the background is like she’s in the middle of a war zone. Indeed, the issues with the Mining workers and the government is reaching …