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Showing posts from July, 2017

Sacyr, Hyundai pull out of Panama Canal bridge tender

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Sacyr, Hyundai pull out of Panama Canal bridge tender
(Panama Business News). The shortlist of consortiums bidding to design and build the fourth bridge over the Panama Canal has been reduced from six to four and the date for submissions has been put back from 11 August to 5 September.
The 1,2km cable-stayed main bridge will be 50m-wide and carry six lanes for vehicles and two for the trains of the future Metro Line 3. It will be built north of the Bridge of the Americas, near the Balboa port installations, and will connect Panama City to its western suburbs.
The cost of the works, including about 6km of highway has been estimated at between $800m and $1.2bn.
A consortium led by Brazilian contractor Odebrecht was asked to withdraw at the end of last year. This was one of a number of big infrastructure projects in Latin American that the company lost as part of the fall-out from the immense Lava Jato corruption scandal. The company announced its decision in January.
The second team to dr…

Planet Fitness Expands to Panama. Country's first Judgement Free Zone to Open in Santa Maria

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Planet Fitness Expands to Panama. Country's first Judgement Free Zone to Open in Santa Maria
Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., today announced the upcoming opening of its first club in Panama. The country's first Judgement Free Zone® in Santa Maria is expected to officially open this fall with a second location opening in Centennial by the end of 2017.
Planet Fitness, founded in 1992, is known for the combination of its high-quality fitness experience, affordable prices, and hassle-free, non-intimidating environment known as the Judgement Free Zone. Today, Planet Fitness has over 10 million members and more than 1,300 locations system-wide in 48 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic. Each location features the brand's iconic "Lunk Alarm" – a purple and yellow siren on the wall used as a light-hearted reminder that gr…

JCDecaux Top Media wins the exclusive advertising concession for Tocumen International Airport in Panama

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JCDecaux Top Media wins the exclusive advertising concession for Tocumen International Airport in Panama
(Panama Business News). JCDecaux S.A. (Euronext Paris:DEC), the number one outdoor advertising company worldwide, announces that its subsidiary JCDecaux Top Media has won the exclusive advertising contract for the Tocumen International Airport in Panama City, following a competitive tender.
Aeropuerto Internacional de Tocumen S.A. (AITSA) chose to put its confidence in JCDecaux and Top Media, who signed a merger agreement last 23rd of december, to be responsible, as of 1stAugust 2017, for installing, managing and marketing the advertising displays (interior, exterior, hallways and approach roads) for Terminal 1 and the upcoming Terminal 2, which is currently under construction and will open in 2018.
Combining JCDecaux's expertise as the number one airport advertising company worldwide with that of Aerotop, Top Media's subsidiary currently the advertising concession holder at T…

MPC Capital expands its renewable energy business with a new office in Panama

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MPC Capital expands its renewable energy business with a new office in Panama
(Panama Business News). MPC Capital AG, a global investment manager for real assets, has today announced the launch of MPC Renewables Panama S.A., based in Panama City, Panama.
MPC Renewables Panama will support the development, management and further expansion of the company’s renewable energies projects throughout Central America and the Caribbean, with Fernando Zuniga appointed as its Regional Director for Central America and the Caribbean.
“Central America and the Caribbean is a key region for the growth of our renewable energies business” said Dr. Roman Rocke, Management Board Member, MPC Capital AG. “Having an office in Panama City, under the leadership of Fernando Zuñiga, who has extensive experience in the sector, are strategically important steps in serving our investors and business partners and in our global growth.”
Fernando Zuniga has over 9 years of experience in the renewable energies secto…