The Institute of Water Supplies and Sewer Systems of Panama (IDAAN) trusts in ICEACSA Panama to design water supply and sewer system in Panama City
With this new contract in Panama, the Group strengthens its position in the country, in which it has permanent representation through its subsidiary ICEACSA Panama.
This past October, and after the corresponding bidding process which assessed the economic, financial and technical capacity of each consortia component, the Institute of Water Supplies and Sewer Systems of Panama (IDAAN), depending of Health Ministry, formally awarded the Contract “FINAL STUDIES AND DESIGNS FOR THE WORKS AND IMPROVEMENTS OF WATER SUPPLY AND SEWER SYSTEM OF THE PROVINCE OF PANAMA” to the consortium led by ICEACSA Group and composed also of Chen & Associates Consulting Engineers, Inc. and Engineering Studies S.A. companies.
The engineering works, awarded by an approximated amount of $ 1.5 million dollars and with a lead time of 7 months, will cover interventions in 100 km of the City of Panama network. Thus, it will be designed interventions in 83 km of water supply network, 17 km of sewer system and 39 water storage tanks.
After having recently won other international tenders, totalizing 14 adjudications in 10 different countries in recent months, this new contract in America and more specifically in Panama to an international Public Customer, means the ratification of the Strategic Internationalization Plan of the Company, that has led to ICEACSA Group to have established subsidiaries in several countries, including Panama.
22/11/2012 Fuente: Source: Authors.