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FCC wins contract worth 440 million euro to build hospital complex in Panama


FCC wins contract worth 440 million euro to build hospital complex in Panama

  • Panama's Social Security Administration has awarded FCC, the Citizen Services Group, the contract to build Central America's most modern healthcare facilities
  • The turnkey project (design, site development, environmental impact, construction, financing and outfitting) will have an execution period of 3 years
  • Nine consortia from four countries (Spain, Brazil, Korea and Panama) bid for the project


FCC wins contract worth 440 million euro to build hospital complex in Panama
Panama City, 11 October 2011. Panama's situation as FCC's business hub for Latin America has been further strengthened by a contract awarded by the Panamanian government for the design, site development, construction, financing and outfitting of the Ciudad Hospitalaria de Panamá; the contract is worth 587 million dollars (close to 440 million euro).

Panama's Social Security Administration, which organised the tender, chose FCC from among nine international consortia involving companies from four countries: Panama, Brazil, Spain and Korea. The Hospital Complex will be built on a 31.9 hectare site in the western zone of Panama City.

The 209,000 square metre complex will include 49 operating rooms and 1,709 beds. The complex will house such medical specialities as paediatrics, cardiology, internal medicine, ob-gyn, operating rooms, outpatient services, a day hospital, several specialised physical therapy centres, and an in-patient facility, among others. According to the Social Security Administration, this will be the most modern healthcare facility in Central America. The local authorities estimate the facility will provide care to 1.5 million people.

Taller de Arquitectura Sánchez Horneros (TASH), the Spanish architecture firm which designed the project, focused especially on the environmental and weather conditions of the area, "adapting the design to the country's climate." The complex will be built to withstand tropical rain storms, with solar protection, and the buildings will be oriented according to the prevailing winds.

This is a turnkey project, i.e. FCC will undertake the design, obtain permits, develop the site, conduct environmental impact studies, and build, finance and outfit the complex, with final delivery to Panama's Social Security Administration scheduled within 36 months.

Backlog of close to 2.3 billion euro
The Panama Hospital Complex contract is another milestone in the internationalisation strategy of FCC, whose majority shareholder is Esther Koplowitz. In the words of Baldomero Falcones, Chairman and CEO of FCC, this project "ratifies the company's move into Panama, a stable country experiencing steady growth and with an ambitious modernisation programme based on infrastructure investment". With this hospital, FCC has 2.3 billion euro worth of projects under development or awarded in Panama

The company's most emblematic project in Panama is the construction of the region's first metro line, which will traverse Panama City. Additionally, last year the Panama Canal Authority awarded FCC the contract to build a new access channel from the Pacific as part of the project to build the third set of locks at Miraflores.

FCCs Construction's other projects in Panama include the design, construction and environmental impact surveys for the freeways leading to the second bridge over the Panama Canal; various road upgrade, maintenance and widening projects; and the clean-up of Panama Bay.

In March, Panama's Health Ministry awarded FCC Construction a 92.7 million euro contract to design, build, equip and finance the Luis Chicho Fábrega Hospital near Santiago, the capital of Veraguas province. Financing for the project was completed at the end of August.