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”.
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.
$65 million have already been invested in the former Howard Air Base.
The investment of $17 million is intended to meet the requirements for trained personnel in Panama Pacifico, especially for handling heavy equipment.
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