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.
In the last three years loans for the construction sector increased by 427%.
Statistics of the Superintendency of Banks of Panama (SBP) reveal that between January and May 2013, $2.509 billion more has been provided than in 2011, when the amount of loans processed was $587 million.
London & Regional Panama is the master developer of the former Howard air base in Panama, now called PANAMA PACIFICO.
Panama Pacifico, a mixed-use, business, residential and recreational center, will be created over 40 years by renowned developer London & Regional Panama in conjunction with the government of Panama. For those expanding business overseas, retiring in Latin America or simply visiting this beautiful locale, our sustainable, mixed-use business center and residential hub provides a balance of world-class amenities, infrastructure and services.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
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