CABEI tenders two consultancies for institutional, regulatory, and technical strengthening of Public-Private Partnership projects in Panama


The purpose of these actions is to accelerate the execution of capital investment projects in order to contribute to the country's economic reactivation, with the private sector's participation.

Tegucigalpa, April 16th, 2021.- The Central American Bank for Economic Integration (CABEI), has approved two non-reimbursable technical cooperation grants to the Republic of Panama, both for the institutional, regulatory and technical strengthening of the Public-Private Partnership (PPP) System, and for the design of the first Transportation Infrastructure Project in the country under a PPP scheme.

CABEI Executive President, Dr. Dante Mossi, stated that the first operation will increase the State's execution capacity in project and program investment, as well as in the preparation of a series of studies, manuals, guidelines and/or guides to facilitate PPP project planning in Panama.

He also mentioned that Panama's Ministry of Public Works appointed CABEI as a specialized advisor in relation to the North David Corridor PPP Project Development, which consists of the construction, equipment, start-up, operation and long-term maintenance of an alternative highway system that seeks to alleviate the heavy traffic of cars and cargo vehicles and reduce the pollution generated by this vehicle traffic, which currently circulates through the City of David.

The North David Corridor project comprises a highway of approximately 16 kilometers in length, as a bypass of the Pan-American Highway to the City of David, in the West of Panama.

President Mossi stressed that the economic impact of COVID-19 in the region makes the preparation of projects under PPP structures a positive action to boost the economy.

Both operations will contribute to the 2030 Agenda in line with the Sustainable Development Goal (SDG 8), which seeks to achieve inclusive and sustained economic growth, drive progress, create decent jobs for all and improve living standards.