$3.534 million for tourism projects in Panama
In 2008 the Panama Tourism Authority approved 96 tourism projects that will generate 15,000 direct jobs.
Thursday, January 8, 2009
According to pa-digital.com.pa "These projects were received before August 30, 2008, the final date established by law to hand in the documents and up to December 31 2008 for them to be reviewed and approved, in order to benefit from the fiscal incentives granted by Law 58 (28 December 2006), which promotes tourism development in the country.
Two tourism projects, one on the beach and another on the mountains, are being built in Chalatenango and Usulután.
The Tourism Authority has received $ 138 million in requests for investment as of last October.
With the first payout of a $15.9 million from a syndicated loan worth $24 million, construction of the second stage of the tourism project in Honduras will begin.
Employers claim that at least six projects have been delayed pending analysis by the Board of Tourism Incentives, which has not been in session since the departure of its president two months ago.
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