Panamá Pacífico to Invest $345 Million in 5 Years
In the next five years, London & Regional, the company in charge of the master planned development (MPD) will manage $345 million worth of works.
Monday, August 30, 2010
Olmedo Alfaro, general administrator of the Panama-Pacifico Special Economic Area Agency (AEP), highlighted that, “in these five years, more than $300 million will be invested representing a switch from the planning to operational phase for Panama-Pacifico”.
$65 million have already been invested in the former Howard Air Base.
Construction of the first phase of the $70 million Howard, Panama-Pacific Project starts tomorrow.
The British company, London & Regional, is developing the project which would imply a $705 million investment over the next 40 years.
In the special economic area at the former Howard Air Base there are now 164 companies operating in different sectors with investment so far totalling $270 million.
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