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


©image:

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”.

The AEP is the state institution responsible for regulating London & Regional, the private company owning the area’s 40 year concession where it is due to invest at least $705 million.

More on this topic

Panamá Pacífico Development Underway

August 2009

$65 million have already been invested in the former Howard Air Base.

Henry Kardonski is the CEO of London & Regional Panamá, developer of the project. He assured that by the end of 2009, over $100 million will be invested, 15% of the targeted $705 million.

Work on the industrial business park is expected to be finished this month, with 10.000 m2 of office space and 21.000 m2 of warehouses.

Panama Pacific Project begins construction

November 2008

Construction of the first phase of the $70 million Howard, Panama-Pacific Project starts tomorrow.

London & Regional Panama, master developer of the Panama-Pacific Special Economic Area, will hold the official innaguration for construction start up.

The ceremony will be held on Thursday, November 13, 2008 at the former Howard Base.

Investment of $705 Million in Panama Pacific Project

March 2009

The British company, London & Regional, is developing the project which would imply a $705 million investment over the next 40 years.

In an article in La Estrella de Panama, some of the characteristics of the project are described, which consists of a sustainable city with business parks, logistics, tourism and residential areas.

Progress and Challenges in Panama Pacific

July 2013

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.

Capital.com.pa reports: "Some 164 companies are operating in the Panama Pacifico. 30% of them are in the services and retail stores sector, 18% are in the maritime industry, 15% are logistics companies, 13% are high value-added industries and the remaining percentage corresponds to other economic activities. "

 close (x)

Receive more news about Business and Investment

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Waterfront Panama Development Land

The most prime beachfront 6 Hectare on Taboga Island located around the point from the Panama City Ferry Landing.
This land is the best land on the island with views of...

Stock Indexes

(Sep 23)
Dow Jones
-0.68%
S&P 500
-0.58%
Nasdaq
-0.42%

Commodities

(Sep 24)
Brent Crude Oil
97.41
Coffee "C"
185.05
Gold
1,223
Silver
17.69