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

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.

Panama: Extension to South Corridor to Cost $509 million

December 2013

The company in charge of the environmental impact study has provided the estimated costs of the work, which could be completed in four years.

The company Ingenieros Civiles Asociados (ICA) has submitted to the National Environmental Authority (ANAM by its initials in Spanish) the environmental impact assessment (EIA) for the work, which according to the document will consist of four components.

Panama: Less Requisites for "low impact" Constructions

September 2010

Any projects in Category 1 will no longer require environmental impact studies (EISA for its Spanish acronym), those studies will be substituted by the use of "Good practices guides".

For the approval and execution of constructions in Categories 2 and 3, the environmental impact studies will stay.

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