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.

The company threatened to abandon the project if permissions are not resolved by December, adding that these delays are the result of "revenge" by the Anam, whom the company accused of irregularities and corruption.

Anam denies these allegations and announced the project has several pending issues.

More on this topic

Panama: South Corridor Real Estate Finance

September 2014

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.

After the National Environmental Authority of Panama (ANAM), rejected the environmental study submitted by Empresa Nacional de Autopistas (ENA), this entity has been working on new studies to obtain approval to develop a real estate project on a landfill site and use those resources to pay for the expansion of the highway, estimated at $509 million.

Cobre Panama’s Environmental Report Approved

January 2012

The approval of the Environmental and Social Impact study is an important step that enables the entry of other investors into the project.

Inmet Mining Corporation announced that the National Environmental Authority of Panama (ANAM in Spanish) approved on December 28, 2011, a Study for Environmental and Social Impact Assessment (ESIA) necessary for the development of the copper mining project ‘Cobre Panama’, which includies mining operations and connected infrastructure, a port facility and a coal-fired power plant.

Panama: Environmental Impact of Expanding South Corridor

February 2014

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.

Due to the complexity of the expansion project of the South Corridor, the National Environmental Authority has requested a new environmental impact study, rated as category III.

Guatemala: $19.4 million Housing Project

August 2014

An environmental impact study has been presented for the construction of a residential complex called Elgin Towers in Guatemala City.

The company Genera Hincapié, S.A. has submitted an Environmental Impact Study to the Ministry of Environment and Energy for the construction of a residential project within the condominium Cañadas de Elgin, in San Miguel de Petapa, Guatemala City.

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