Tocumen Airport following construction money trail

The $880 million Terminal 65% complete
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AS DETAILS of  Odebrecht  corruption continue to rock Panamanian society, eyes have turned on the Tocumen International Airport expansion.

Governent  officials have started requesting monthly reports on payments made by Odebrecht to subcontractors in the project to build a new terminal.

Tocumen S.A., the entity that oversees the airport, said it wants to ensure that the funds paid monthly to Odebrecht project are used for the execution of the work, which is 65 percent complete.

So far the firm has been paid $642 million of the $880 million final cost.

These are at least 25 subcontractors used by Odebrecht on the project.

Joseph Fidanque III, director  of Tocumen, S.A., said that the monthly report to be submitted by

Odebrecht needs to be accompanied by a letter from the contractors who received the payments.

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