Of all the money invested, $97 million corresponds to non-residential projects.
According to the President of the Panamanian Chamber of Construction (Capac) commercial and real estateinvestments are continuing to grow to the west, even as far as Capira.
"He said there is already a captive population Arraiján and La Chorrera, and so now employers are focusing on commercial projects.
But beyond the million dollar investments, the president of Capac argues that there is an urgent need to expand the road infrastructure to expedite travel between the capital and the western area and vice versa.
The Panama Canal Authority (ACP) has already included $20 million in its budget next year for the design of a fourth bridge over the waterway", reported Prensa.com.
Across from the Bridge of the Americas, is Panama Pacifico project in which the firm London Regional has an investment program of $705 million over 40 years.
The increase in residential real estate projects around the center of Panama City has doubled land prices in some areas in the space of five years.
The real estate boom experienced in Panama City can now be seen in the prices of residential projects in areas previously considered as "suburbs" where residential real estate developments are priced at over $80,000.
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