Panama Prison Tender Draws Two Bids Above US$177 Million
Panama's prison tender for the Central Provinces Complex at Divisa saw two bids, both above the US$177.2 million reference price. The ministry opened bids on 13 August 2026, with no award yet. The post Panama Prison Tender Draws Two Bids Above US$177 Million appeared first on The Rio Times .
Panama’s prison authorities have received two bids exceeding US$177.2 million for a new prison complex in Divisa, Herrera province. Both bids, submitted by Consorcio de Infraestructura Social Los Canelos and Constructora Rigaservices, S.A., are about US$3.9 million and US$4.4 million above the reference price, respectively. The Ministerio de Gobierno, Panama’s interior ministry, issued the tender on June 10, 2026, for the study, design, construction, equipping, and maintenance of the Central Provinces Prison Complex.
The single global award contract is a major infrastructure project for the central provinces. However, the bids raise concerns about potential budget challenges, as bids above the reference price may require renegotiation or new offers. The balboa, Panama’s national currency pegged to the US dollar, makes the reference price equivalent to US$177.2 million.
The Ministry of Government will now evaluate the bids to determine the next steps, which may include adjustments or negotiations to align with the reference price.
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