In order to remain competitive Panama City airport needs to further expand its operating capacity, and is already working on the acquisition of surrounding land.

The funds to finance the project to construct a third runway will come from the dividends expected to be generated by the terminal with the granting of duty free premises whose tender is scheduled for 2017.

Projections by Tocumen S.A. indicate that  “…Between 2022 and 2025 Tocumen International Airport will need a third runway if it does not want to lose competitiveness to other air terminals in the region.”

Prensa.com reports that “…It is estimated that the period of construction of the third runway will take about three years. In the expansion plans, projected up until 2030, Tocumen envisages the construction of a third passenger terminal, coupled with a new runway.”

Source: Prensa.com