Business & Commerce

Deals in The Vicinity of the Canal

Topics::

Panama Canal Authority, Liriola Pittí, Liriola Pittí, Panama Canal, Widening of the Panama Canal, Industrial development, Real estate development, maritime services, Logistics, Tourism, Business and Investment, Panama

©image: Wikipedia

Source: Prensa.com
Monday, March 9, 2009

There are 5.000 hectares of undeveloped land surrounding the Panama Canal.
The project to expand the Canal has increased the value of these lots, which used to be managed by the United States before the signing of the Torrijos-Carter treaty, which recognized Panamanian sovereignty over the Canal.

Such lots are interesting for touristic endeavors or for installing maritime or logistic facilities. The Panama Canal Authorities and the Recovered Goods Unit of the Economy Ministry are already planning their development.

An article in Prensa.com explains that one of these areas, Fort Sherman, is expected to become “a major touristic center. The first steps to develop it are similar to what was done in Howard. There, the Government hired a consulting company (C4T Tourism Business & Planning) for $266.000, to develop a master plan”.

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