On April 8, the Cabinet authorized the direct sale of 126 hectares on Remo Largo Island in the district of Cristobal, Colon province. The sale will be “through exceptional procedure”, i.e., directly, so that the company SMC Barcelona, S.A. can construct, develop, manage and operate a multipurpose container handling port and other complementary activities.
By Marijulia Pujol Lloyd
Panama took a step forward by developing three new international airports in Chiriqui, Coclé and Colón provinces in 2013. Now the real work begins to promote these terminals with airlines in the Americas, Asia and Europe.
Moisés Véliz, former Vice-President of Governmental Relations for COPA Airlines and an expert in the aeronautical industry, said that this is going to be a long term process, but the main advantage is “we do [...]
With a $19.5 million offer, the RPL-CSI Panama consortium was awarded the construction of the Cuango-Santa Isabel highway in Colón.
Prensa.com reports: “The project of 26 kilometers includes the construction of two bridges over the rivers Cuango and Culebra, which will provide access to the town of Santa Isabel, especially the Punta Cocoye sector, which borders the Guna Yala region, and has over 10 miles of white sandy beaches.”
According to the Tourism Authority of [...]
Overall activity was down
By Dennis Smith
According to the latest rankings from the Economic Commission for Latin America and the Caribbean (ECLAC) on container movement, the Panamanian ports of Colon and Balboa move the most container cargo in Latin America and the Caribbean.
The ECLAC report says that Colon moved 3,518,672 TEUs in 2012 for a 4.4% growth rate and Balboa moved 3,304,599 TEUs, up 2.2%. The data is based on changes from 2011 [...]
This week The Bulletin is presenting a photo coverage and report on the disastrous condition of the City of Colon.
This is not a political statement, but an attempt to contribute to the quest for a solution to the deplorable conditions of Panama’s second largest city.
For many years Colon has been an entry point for cruise ship passengers and foreign visitors to the Colon Free Zone who return to their own countries with poor [...]
Colon is the capital of the northern province of Panama and is the most populated urban center in the country after Panama City.
It has the second largest free zone in the world after Hong Kong; it is a homeport for two important cruise ship lines and it is responsible for 15% of the country’s GDP, approximately $4 billion a year. However, the people of Colon do not appear to be obtaining benefits from this [...]
Unlike the Old Quarter in Panama City, there is no real estate speculation in Colon to create interest in reconditioning and saving historic buildings.
“Until we have an agreement between the National Heritage Department, the governor and mayor of Colon, the Old Quarter will stay as it is, but for the moment nothing can be done,” said the Provincial Director of the Housing Ministry (MIVI), Osvaldo Chavarria.
He added that at the moment no plans [...]