After several years of carrying out studies of the work, the governments announced that they plan to begin working on the standardization of regulations to sign the agreement of the electrical interconnection project. In a press release published on March 19, Panama‘s Presidency stated that Panama’s Energy Secretary, Victor Urrutia, informed that the Agreement required […]
April 2 is the new date set for the submission of proposals for the design and construction of Line 3 of the Panama Metro, which will reach Ciudad del Futuro in Arraijan. However, because Metro de Panamá S.A. is publishing specifications and the companies have requested more time to adapt their proposals, it has been […]
A 7.7-kilometer logistic corridor that will serve for the mobilization of cargo in the Pacific sector was inaugurated, which will serve ports, industrial parks, factories and distribution centers. Trucks using the Canal Logistic Corridor must be affiliated with the Cargo Pass system, similar to the one operating in the North and South Corridors and the […]
The latest risk ratings for the issuance of long-term debt of Central American economies identify Panama as the most attractive country to invest in. On March 8, Moody’s decided to raise its long-term issuer rating in foreign currency from Baa2 to Baa1, arguing that the outlook remains more favorable in the medium term. The situation […]
The rail transport system that would cover a 390 km distance and whose construction would last six years, contemplates in the future a possible expansion towards the border with Costa Rica. China Railway Design Corporation worked with several Panamanian companies that supported the economic, geotechnical, soil, capacity and demand analyses of the Panama-David train feasibility […]
Panama Canal administrator Jorge Quijano announced on Monday that the Panama Canal Authority (ACP) had joined the IMO-supported Global Industry Alliance to Support Low Carbon Shipping (GIA). Quijano made the announcement during a signing ceremony inducting the waterway into the GIA at the Panama Maritime World Conference and Exhibition, where IMO secretary-general Kitack Lim was […]
Panama’s ex-president Ricardo Martinelli faces up to 21 years in jail for spying on political foes, reporters and business leaders while in power, prosecutors said Friday. Martinelli created and directed “an organized state apparatus” for domestic espionage when in office from 2009-2014, said prosecutor Ricaurte Gonzalez. The then-president targeted about 150 individuals with illegal communications […]
The State maintained a concession in the port area of ??the Pacific, but gradually the concessionaire has abandoned its operations If an accident occurs with a vessel in Panamanian waters, as well as in international waters near the isthmus or in the Panama Canal -on the Pacific side-, the reaction capacity of the Panamanian State […]
A group of prisoners at the infamous La Joyita prison in Panama has devised a manual recycling program to revolutionise not only the prison but also their own lives. Based in Pacora, the worst of Central American prison facility is overcrowded and has been repeatedly accused of systematic abuses against its population. Four years back […]
The Panamanian authorities decided on Saturday to revoke the credentials of 14 Venezuelan diplomats appointed by President Nicolas Maduro, Panama’s Foreign Ministry said in a statement. “This measure is taken a day after illegal detention of Roberto Marrero, chief of the cabinet of [self-proclaimed] President [Juan] Guaido. This move is undermining the peace process in the country,” the statement […]