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Consortium FCC Corredor de las Playas I has been awarded the US$543mn contract to widen a 36.3km stretch of the Pan-American highway in Panama, from La Chorrera to Santa Cruz.
The group obtained a total score of 97.1 points, beating a US$624mn bid by Costa Rican firm Meco and local company Cusa, which scored 84.5 points, based on a document posted to government procurement site PanamaCompra.
The decision can be appealed within the next five working days.
Construction works are expected to last over 20 months, FCC said in a news release.
The contract also involves maintenance works for 36 months after widening has been completed, with the road expected to have a useful life of 20 years.
The initiative forms part of a larger project to expand the so-called Corredor de las Playas stretch of the Pan-American highway. A second tender for the project's second phase, which entails widening a stretch of 21.8km from Santa Cruz to San Carlos, has yet to be awarded.
FCC and CICSA are also the frontrunners for said contract, as their technical and economic bids scored higher than the offer by Meco and Cusa in an evaluation by the public works ministry.
PICTURED: A rendering of the project. CREDIT: FCC