(Railjournal.com) CONSTRUCTION of Panama Metro’s $US 2.8bn Line 3 monorail project has started, following a ground breaking ceremony on February 22 attended by president Mr Laurentino Cortizo Cohen and Panama Metro general director, Mr Héctor Ortega. Work on the 24.5km project is expected to take approximately four years to complete. Its launch follows the approval of … [Read more...]
Panama to Invest $700 Million USD in Water, Sanitation
(Oska News) The government of Panama will invest $700 million USD to improve drinking water supply and sanitation under the National Integrated Plan of President Ricardo Martinelli. The plan is being carried out by the National Institute of Aqueducts and Sanitation (IDAAN), the Ministry of Health and the National Council for Sustainable Development (CONADES). “We are … [Read more...]
El Chorrillo Fire leaves more than 340 homeless
(Panama America) Some 340 people were left homeless after the fire that occurred on the evening of Tuesday May 21 in the area of 19th Street of the village of El Chorrillo. The site is presented by the Minister of Housing, Jasmina Pimentel, who noted that as a workaround, families will be moved to the Kiwanis sector, located near the area where the fire occurred. Among … [Read more...]
Trump ocean Club Panama to have Casino
(Caribbean Journal) Sun International has signed an agreement with developer Newland International Properties to own and operate a 75,000-square-foot casino at the Trump Ocean Club International Hotel & Tower in Panama. The company, which is based in Johannesburg, South Africa, acquired several spaces within the 70-story development for the casino. It plans to invest … [Read more...]
Panama Real Estate Trends Follow Miami
(Miami Hearald) As a real estate agent shows off a model apartment — white leather sectional, stainless steel appliances, open concept, ocean views — in the 59-story Yacht Club Tower, and touts its fitness center and pool deck designed to mimic a ship floating on the sea, he makes a telling statement: “We tried to emulate the Miami style in this building.” Approaching … [Read more...]