Ethuss Acquires Landfill Concession for $13.5 million

The Colombian group Ethuss has acquired the concession for the Patacón Hill Landfill in Panama.

Wednesday, July 20, 2011

Companies Urbalia SA and Capital Bank agreed to the sale of 100% of its shares after two months of negotiations with the transaction being supported by the National Cleaning Authority (ANA by its initials in Spanish).

"From now on it will be Ethuss which will issue an invoice for 11.60 dollars per ton of waste entering the landfill in Cerro Patacón.

The company is committed to the ANA to invest six million dollars in the remainder of the year to avoid the collapse of the main tub at the landfill, and then continue with other extensions and adaptations", reported Pa-digital.com.pa

More on this topic

Colombians Interested in Garbage Tender in Panama

July 2011

At the deadline for submission of bids for the $22 million tender for consultation on the Patacón landfill - a concession recently purchased by a company from Colombia – only one company, whose managers are also Colombian, presented itself.

James Ridge in his article in Prensa.com, reported that "The company Hidrosuelos Panama, S.A., which was incorporated in March 2011 and whose managers are from Colombia, was the only one that presented itself yesterday to the Authority for Urban and Household Waste (AAUD in Spanish) to bid for the $21 million consultancy tender for the "development of comprehensive diagnostic studies on the Patacón hill landfill ", which has a reference price of 22 million. The tender was made only one day after another Colombian company (Interaseo , Inc.) bought, for more than $12 million, Urbaser, a Spanish company that used to manage the landfill.

Landfill Concession Cancelled in Panama

July 2011

The Urban Cleaning Authority (AAUD) has ordered the cancelation of the concession that had been granted to the Colombian company Gelmas, for garbage collection and disposal in Anton.

The concession was awarded last week by the City Council of Anton to Gelmas, who promised to build a new landfill in the El Jobo area.

El Salvador Unveils Solid Waste Management Program

May 2010

The government is planning to spend $28.1 million to build 6 landfills and 43 recycling centers.

The program’s first phase comprises building 6 landfills in different points of the country, strategically located to help municipalities save money by having closer sites where to dump waste. In particular, the new landfills will be located in La Unión, Santa Ana, San Vicente, Ahuachapán, Chalatenango and Morazán.

El Salvador: $ 20 Million for Landfill and Recycling

October 2010

Germany offered the loan at a favorable interest rate, in order to create and build landfills and recycling centers.

In his meeting with President Funes, the German officer received reports of plans developed in Central America related to climate change, security, disaster prevention and others.

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Cafissa Capital

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Phone: (506) 2290 8406

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