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: $45 million Office Building Project

October 2014

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.

The company MILOS REALTY (PANAMA), INC. has submitted to the National Environment Authority of Panama an Environmental Impact Study to build a complex of offices at Avenida Paseo del Mar, Costa del Este, Parque Lefevre township, district and province of Panama.

Panama: $26 million Investment in Shopping Center

December 2014

An environmental impact study has been presented for the construction of a 13 story mall and 103 shops in the city Las Tablas, province of Los Santos.

The company GOLF REALTY INC. presented to the National Environmental Authority of Panama an environmental impact study to develop a commercial building on 13 levels containing 103 shops, called Hacienda Plaza.

Panama: $40 million Investment in Luxury Residential Building

December 2014

An environmental impact study has been presented for the construction of a luxury apartment building with 23 floors, called The Manhattan, en Paitilla, Panama City.

The company LAWTONFALK ENTERPRISES has submitted to the National Environmental Authority of Panama an environmental impact study to develop a residential building on street 53A Este, Paitilla.

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.

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