Panama: Advances Made on Subway Line 3


News from Panama

An announcement has been made of the upcoming signing with Japan of a memorandum of understanding on the construction of a transport system which is vital for the development of the west coast of the Panamanian Pacific. The extension of Metro Line 1 by Línea 2, which has already started on preliminary work, and then […]

January 13, 2016

Panama: 15,000 Social Housing Units


News from Panama

President Varela announced that a tender will be launched for the construction of 15,000 homes each valued at between $30,000 and $40,000, in Las Garzas de Pacora, Panama Province. During an inspection visit to the area measuring ??about 325 hectares, the president announced the construction of public infrastructure works in the area along with tenders […]

January 13, 2016

Canal consortium faces criminal complaint in Panama


News from Panama

The consortium responsible for the main Panama Canal expansion project is the subject of a criminal complaint in the Central American country for allegedly inflating its cost overrun claims. National Bar Association Vice President Juan Carlos Arauz filed the complaint, to which EFE gained access, on Thursday with Panama’s Attorney General’s Office. “We’re asking for […]

January 13, 2016

Panama’s Prosperity Has a Dark Side


News from Panama

Marc Margolis writes in BloombergView about how not everything is on the up-and-up in Panama City. Last year was one most of Latin America would rather forget. The region trailed the world in economic growth, led on inflation, and posted the highest fiscal deficit after the Middle East and North Africa, according to data compiled […]

January 13, 2016