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’.
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The new terminal will be ready in September and will increase airport capacity by 50%.
It will have 12 new boarding gates and will be designed to receive any type of aircraft.
"Once the expansion is operating, the Tocumen administration will begin the process of constructing the southern terminal, which would add about 20 additional gates," states the article in Prensa.com.
42 companies met yesterday with representatives of Tocumen SA for details of the works spanning 65,000 square meters and which have an estimated cost of $400 million.
The works comprise the construction of a main building, a third runway, a taxiway, a control tower and access areas to the North Terminal.
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.
Once the North Terminal starts operations, the new Central and South Terminals will be built, containing hotels and hospitals for about $350 million.
The construction of new Central and South terminals aims to provide more space for passenger boarding.
"The new $350 million project involves commercial, hospital and tourism infrastructure, expected to be completed by 2014", reported Panamaamerica.com.