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The reaction follows a report on Global News Wire that the Panamanian government have signed a project management contract worth up to $32 million that signals the next step towards the modernisation of the country’s Metro system.

The organisation charged with overseeing the management of the project, Concorcio PML2, was carefully selected following a study of the technical and economic criteria. Their proposal was most suited to the needs of the Panamanian government, who believe the construction of a second metro system in Panama City will greatly improve the city’s infrastructure.

The line is set to stretch over 21 kilometres and is the second stage of a four-part plan to improve the conditions of Panama City’s transport system that currently supports over 1.2 million residents.

Corcocio PML2’s job is to ensure the project remains efficient and, once finished, the system remains sustainable.

A spokesperson for ILX, long-time advocates of the renowned PRINCE2 project management methodology, has released a statement following the report.

‘The importance of securing the services of top-level project management is crucial when undertaking a task of this size and calibre. Similarly, in order to continually secure contracts of this magnitude it is imperative that project management companies such as Corcocio PML2 stay ahead of the curve when it comes to new methods and approaches towards the completion of a project.

‘By doing so, they have been able to remain as one of the leading lights in the industry and have made a huge impact across a number of sectors, particularly in Latin America. At ILX, we believe that ensuring a project management company’s services remain relevant is the key to longevity and, ultimately, success. Our PRINCE2 training provides the perfect opportunity for project leaders to do exactly that.’

ILX is a leading global provider of Best Practice learning solutions and consulting services and is a market leader in PRINCE2 training. Operating across 100 countries, they have delivered learning solutions to corporate, public, and consumer audiences for over 25 years. They have trained over 100,000 learners in more than 5,000 organisations across their virtual and online learning programmes, as well as in classroom environments.

PRINCE2® is a registered trade mark of AXELOS Limited.

This press release was distributed by ResponseSource Press Release Wire on behalf of ILX in the following categories: Business & Finance, Construction & Property, for more information visit