Panama: Urban Development for $3 billion


News from Panama / Tuesday, January 19th, 2016

A jigsaw of the words Plan and Strategy

The mayoral office of Panama City has presented a development plan which urgently requires investments in mobility, transport, water, drainage, waste management and urban planning.

The so-called Action Plan for the Metropolitan Area, presented in conjunction with the Inter-American Development Bank (IDB), is already projecting impacting 1.7 million people in the capital city, San Miguelito, Arraiján and La Chorrera, said the Mayor of Panama in a statement.

According to the municipal authority, the implementation of the plan requires an investment of $355 million in the first stage, $1.862 billion in the second and $855 million in the third, making a total investment of $3.072 billion. A warning was given that in the next 35 years, population growth in the capital’s main districts will increase by one million inhabitants

The first strategic line of the document points to mobility andtransport, urban inequality and land use and vulnerability to natural disasters. Strategic Line 2 relates to water, sanitation and drainage, and solid waste management, and line 3 to the issues of modernization of municipal management.

See executive summary of the plan Metropolitan Panama: Sustainable, Human and Global