The manager of Tocumen, SA (administrator of the international airport), Juan Carlos Pino, said that the tender for the South Terminal at Tocumen International Airport, Panama will be released in March, and the works are expected to cost $400 million.
The structure will be 50 thousand square meters big and will have 30 gates, reported Prensa.com.
The President (of Panama), Ricardo Martinelli said, that funds from Tocumen itself will be used to pay for the new extension. "The funds obtained from the award concessions for duty free free shops will be used for the south terminal building", said Martinelli.
Tocumen SA also has scheduled for this year the tender for the building of ‘airport city’.
The company Foster and Partners is interested in participating in work on the new terminal on the south side of Tocumen International Airport.
The company, which designed an airport in Hong Kong Airport and one in Shanghai has expressed interest in participating in the bidding process to be held next year, said the president of the Board of Tocumen, Frank de Lima, at the end of Panama Invest which took place in London and Paris.