The Panama Tourism Authority (ATP) has set the price tag for the construction of the coastal road between Cuango and Santa Isabel, in Colon, at $18 million.
Prensa.com reports that "the clarification meeting for the best value abbreviated tender will be held June 12, and the receipt of bids is scheduled for June 21."
For its part, the Decameron Group is waiting for construction of the road in order to start its hotel project on the Atlantic coast. It is a beach resort with 320 rooms which will be located in Punta Cocoye and will have an investment of $50 million in its first phase.
Solomon Shamah, administrator of the Tourism Authority of Panama (ATP), said the project is included in the tourism master plan 2007-2020