PANAMA CITY, Aug 23 (Reuters) - Panama's Tocumen
International Airport said on Friday that a construction firm
controlled by Brazil's Novonor had been ordered to pay some
$30.76 million to the airport for failure to comply with a
contract to expand one of its terminals.
The firm now known as CNO, S.A. was granted a contract to
expand Tocumen's Terminal 2 in 2012, the airport said in a
statement. The work suffered repeated delays due to "consistent
breaches of contract" by the construction firm, Tocumen said.
Tocumen, which is owned by the state, was "forced to
assume extraordinary expenses" as a result, it said.
Construction had originally been estimated at $679
million, but ended up costing more than $900 million, the
airport said.
An estimated $15 million in repairs are also now needed,
according to Tocumen.
CNO previously operated as Construtora Norberto
Odebrecht, S.A. Its parent Novonor was known as Odebrecht before
a corruption scandal involving bribes to officials across Latin
America was uncovered.