Panama cancels contract with Brazil’s CNO for airport terminal construction By Reuters
By Elida Moreno
PANAMA CITY (Reuters) – Panama canceled a contract with the Brazilian company CNO S.A. for “non-compliance” in the construction of a terminal at the country’s main airport, according to a statement by the general manager of Tocumen International Airport.
According to Raffoul Arabic, “Tocumen terminated the contract for the company CNO.A. because of breaching the obligations in the contract.”
CNO may also no longer be allowed to bid on future state-owned projects if the contract is cancelled.
The statement said that CNO S.A. the contractor was also disqualified due to breach of contract. This prevents them from bidding for future state-owned projects. It did not give a time frame.
CNO was not available for comment.
CNO is a wholly-owned unit of Brazilian conglomerate Novonor, previously known as Odebrecht S.A.
Odebrecht was investigated in Panama for paying bribes to obtain contracts in the country. CNO signed an agreement in 2017 with authorities and was fined $220million.
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