Panama: $ 84 Million Project in Danger
The Greater Panama company announced it has set a December deadline to cancel the project.
Monday, October 25, 2010
The real estate project, developed by Panama Investment and Development Corp., located in La Chorrera, has not received final approval from the National Environmental Authority (ANAM) for its Environmental Impact Study.
An environmental impact study has been presented for the construction of a 39 story office building on the coastal road Via Paseo del Mar, Panama City, with an estimated investment of $45 million.
After an initial rejection by the ANAM, Empresa Nacional de Autopistas has presented another environmental study for an urban development in 44 acres of landfill, which would provide resources for the expansion of the Southern Corridor.
The approval of the Environmental and Social Impact study is an important step that enables the entry of other investors into the project.
A new environmental impact study is being carried out and available for citizens interested in finding out about the details of the extension of the Corridor.
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