Event Brief
Panama 2027 budget allocates US$103.8m for San Miguelito cable car
By The BriefBrief · Sources (1)
Filed: Sep 11, 2026 at 1:11 PM ET
Summary: Panama’s 2027 budget assigns US$103.8 million to the San Miguelito cable car project. The contract was awarded to Doppelmayr Panamá Corp. for US$255.16 million after the first concession tender collapsed without any bids.
WHO: Panama’s 2027 budget authorities; Doppelmayr Panamá Corp.
WHAT: Panama’s 2027 budget allocates US$103.8 million for the San Miguelito cable car, awarded to Doppelmayr Panamá Corp. for US$255.16 million after a prior tender received no bids.
WHEN: Sep 11, 2026
WHERE: Panama
WHY: The allocation follows the collapse of the first concession tender without any bids, leading to an award to Doppelmayr Panamá Corp.
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