"We are interested in financinginfrastructure projects in the logistics sector, ports, energy and roads, which are key to the commercial movement in this country", said the executive Sean Mulvaney, a member of the board of the U.S. government agency, who recently visited the canal country.
Mulvaney said that with the TPC now in force better opportunities are provided. The executive has met with business leaders and authorities to publicize the bank and increase the opportunities for US financing, and purchasing of goods and services.
Infrastructure Project Will Ease Traffic Congestion in Capital City, Reduce Travel Times, Increase Access from Outskirts.
The Multilateral Investment Guarantee Agency (MIGA)--the political risk insurance arm of the World Bank Group--today announced it is supporting the government of Panama's efforts to construct a modern and integrated mass-transit system as a solution to Panama City's urban transportation issues.
The U.S. grant represents an estimated $ 6.5 million and will be used to finance various projects.
The proceeds of the sale from the wheat under the "Food for Progress" program, will be used to fund projects to promote food export, agricultural diversification and improvement of laboratory facilities and infrastructure of the Ministry of Agriculture, indicates Laprensagrafica.com.
Empresa Nacional de Transmisión Eléctrica has taken out a $48 million loan from South Korea for new substations and distribution lines.
From a press release by Empresa Nacional de Transmisión Eléctrica (Enatrel):
The Government through Empresa Nacional de Transmisión Eléctrica (Enatrel) has signed a cooperation contract with company representatives from DAEWOO International Corporation and Hyundai Engineering, Company Limited, in the amount of $25 million, resources which are to be invested in building the new substations El Sauce, in the department of León, and Ocotal, Nueva Segovia, and also in the expansion of substations San Ramon, Matagalpa and Esteli, in the department of Estelí. In addition assembly of transmission 138 kV (kilovolt) lines will be made to link these to the National Interconnected Electrical Substation .