Mapfre Panamá SA, as guarantor of the contract that originated the project, proposed that the Panamanian consortium made up of Constructora Rigaservices, SA, Aprocosa (Administración de Proyectos de Construcción, SA) and CMG (Construction Management Group, SA will continue the execution of the contract .
According to a statement from the General Directorate of State Communication, these companies will have all the rights and obligations arising from the construction.
Later that decision was endorsed by the CSS "based on the technical capacity of the companies in hospital construction."
The Panamanian consortium obtained a financing of 500 million dollars, so it will be able to resume work in the month of November.
It will also execute a work schedule divided into four phases with a final delivery date in March 2024, according to the new approved provisions.
After the agreement, the company Fomento de Construcciones y Contratas "leaves the work and withdraws the arbitration agreement against Panama for differences over the contract before the International Chamber of Commerce", which amounted to 175 million dollars.
The project consists of a set of buildings originally designed to house 43 operating rooms, 1,235 beds and offices for various medical specialties.
According to the statement, as of January 18, 2021, construction progress was 65%.