Panama: Proposal for More Private Parking Lots


News from Panama

A bill proposes to allow municipalities to grant concessions to private companies to build and manage public parking lots in buildings or underground. From a statement issued by the National Assembly of Panama: With the aim of promoting the construction of public parking lots that meet the requirements of drivers, so that they can safely […]

October 3, 2016

European Union Protects its Bananas


News from Panama

In Europe an amendment has been approved to protect banana producing countries in the bloc from Latin American competition. The commission voted to “automatically activate a safeguard clause” for bananas from European overseas territories, said the French lawmaker Younous Omarjee from the Socialist Party, in a statement. Nacion.com reports that “…‘At a time when the […]

October 3, 2016

Tender Announced for Port Corozal


News from Panama

The ACP has approved the documents to tender in ten days a concession to one of the prequalified companies; PSA International Ltd, Terminal Link, Terminal Investments Limited and APM Terminals. From a statement issued by the Panama Canal Authority: The Board of Directors of the Panama Canal Authority (ACP) approved the request for proposal documents […]

October 3, 2016

Panama: 670 MW Gas Plant Project Revived


News from Panama

The ASEP has reactivated the license granted to Panama NG Power to build and operate a 670 MW generating plant based on natural gas in Cristobal, province of Colon. The license initially granted in 2011, was canceled during the current administration of the Public Services Authority (ASEP) because of delays in delivering information on Panama NG Power’s project […]

September 28, 2016

Central America Transports Road Freight at 15Kph


News from Panama

A rise of up to 25% in the value of the cargo, and possible total loss is the result of the slowness with which goods are transported through the region. “Four times slower than the world average” is the speed at which the terrestrial cargo moves through Central American countries according to Jaime Granados, from the […]

September 28, 2016

Alternative Energy Growing in Panama


News from Panama

5MW of capacity is the new total of the joint generation of the 86 solar projects that are registered with the National Secretariat of Energy. Tax incentives included in Law 37 of 2013 and Law 38, as amended this year, are encouraging the development of renewable energy projects such as solar or wind plants in […]

September 28, 2016