panama city press release
TRANSCRIPT
For Immediate Release:
ALLEGIANCE CAPITAL ASSEMBLES CONSORTIUM FOR PANAMA CITY METRO LINE ONE PROJECT
Pre-qualification decision expected March 17
Dallas – March 16, 2010 – Allegiance Capital Corporation (ACC), an international investment
banking firm, has facilitated the formation of a consortium of Spanish, Chinese and Panamanian
companies that is bidding on the Metro Line One project in Panama City, Panama, a $1.5 billion
infrastructure project scheduled for completion by December 31, 2013.
The consortium is currently participating in the pre-qualification process being undertaken by all of
the bidders for the project. A decision on pre-qualification is expected tomorrow, March 17.
“We have worked to assemble a select group of companies who have demonstrated exceptional
capabilities and have high-profile infrastructure projects in their portfolios,” said Johann Tse,
Allegiance Capital Vice President. “We believe this consortium can deliver the quality Panama
City is looking for in Metro Line One and also the on-time, on-budget completion.”
Members of the consortium have built metro systems, high speed railways, bridges, highways and
tunnels, and also offer significant experience in operating and managing local labor.
Jesús Arranz Monje, Managing Director of consortium member Grupo Pantersa of Spain, said,
“We are very excited that our Chinese partners are part of the consortium as they bring
unparalleled competency and experience to the project. Our Chinese partners have constructed
many mass transit systems, high speed railways, tunnels and bridges, more than any other
country in the world, within a very short period of time. That’s a unique track record that indicates
the quality we can bring if we win the bid.”
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Allegiance Capital Assembles Consortium March 16, 2010
Additional consortia members include:
- The Second Highway Engineering Ltd. of China Communications Construction Company (CCCC). This firm brings extensive experience in design, engineering and construction of metro systems and high speed railways, including the Beijing-Shanghai high speed railway, the world’s longest and fastest high speed railway under construction. The company has completed the world’s no. 1 long-span cable stayed bridge, the world’s first double-layered multi-arch steel arch bridge, and the world’s longest cold foamed recycled asphalt highway. They’ve also built the world’s no. 2 and no. 3 long-span suspension bridges. CCCC is the only major construction company in the world that manufactures its own Tunnel Boring Machines (TBMs), gigantic equipment that drills tunnels on a continuous basis.
- China Railway Electrification Bureau (Group) Co., Ltd. This company engages in design and construction of electrification, power supply, communication, signaling and civil works for railways and urban mass transit systems.
- Diaz y Guardia S.A. This Panamanian construction company is the consortium’s local partner, which will provide local labor and operational support.
Six other consortia are also going through the pre-qualification process. They include major
construction and engineering groups from Western Europe, Canada, Latin America and Japan.
About Allegiance Capital
Allegiance Capital Corporation is a full-service investment banking firm specializing in the middle
market (companies with revenue from $20 million to $500 million), with offices in Chicago, Dallas,
New York, Madrid, Minneapolis/St. Paul, Seattle, and Shanghai. Through its global network,
Allegiance Capital assists companies in every aspect of selling and financing a business,
including debt restructuring, mezzanine financing, buy out management, strategic partnering,
consulting and other related services. Its Special Situations group handles financial restructuring
and distressed mergers and acquisitions. For more information, refer to the company website:
www.allcapcorp.com.
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Media Contact: Panama City Metro Line One Project Contact:Katherine Kirkpatrick Johann TseVice President Vice PresidentAllegiance Capital Corporation Allegiance Capital Corporation214-217-7745 [email protected] [email protected]
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