The tourism industry supports the reform of the bill on coasts proposed by the government, which grants municipalities with the responsibility to coordinate real estate development in coastal areas of the country.
"Using a public-private partnership we can accomplish the great work of definitively reorganizing the coast and also provide training for mayoral offices so that they understand Law 690 works.'"
Through a government decree commercial fishing for tuna and other species has been limited to two specific areas of the Pacific coast in Costa Rica.
The first area will extend up to 40 nautical miles (74 km) from the coast and the second will be located beyond 40 nautical miles, in which larger scale longliners can operate, and between the two there will be a buffer zone.
Now the decision rests with the U.S. Congress who will have to give an answer in 15 days. "... The MCC confirmed that its board has approved a pact for $277 million over five years. The Salvadoran government will contribute $88.2 million in the same period. In total, there is $365.2 million for an ambitious plan that seeks to "improve competitiveness and productivity in international markets ...", reported Laprensagrafica.com.
Sales of land, reclaimed seabed and land titling are generating increased expectations in the city's real estate market.
Prensa.com reports: "The fertile state lands bordering the Bay of Panama await inevitable changes in light of the real estate boom in the area of Punta Pacifica, Avenida Balboa and the district of San Francisco".
Government officials have announced the preparation of a tender for the Juan Hombrón coastal lands in the province of Cocle, valued at between $80 and $135 million.
Prensa.com reports that the land in question has been the subject of a fraudulent concession award, which resulted in an investigation that led to the resignation of the Minister of the Presidency Demetrio Papadimitriu, in July 2012.
Projects that are not covered by funds from the Millennium Challenge Corporation, could have $60 million in financing offered by the IDB.
According to an article Laprensagrafica.com the IDB representative in El Salvador, Rodrigo Parot, indicated that they are in discussions with the Salvadoran government "about the possibility of linking us to the efforts made in the Association for Growth of the coastal strip - marina and we will be working on a project to leverage resources for these projects "
New dispositions, which could be in effect this year, will regulate the construction of real estate projects in coastal areas.
The proposed legislation is in response to lack of urbanplanning, which has lead to disorganized spread of real estate projects. Among other things, the new regulation will determine how land can be used by defining categories (residential, commercial, tourism), as well as setting a maximum height for buildings.
As a Holding Company we are interested in helping other companies to succeed. We do that by investing in other companies with capital and or professional help to allow them to grow in exchange for ownership.
Operates in Panama and Panama
Phone: (507) 7202158
Company dedicated to tourism in Panama which provides personalized care services in accommodation, tours and airport transfers.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador and Costa Rica
Phone: (507) 67425109 - (507) 6909-7574
We service our customers by helping them in all aspects of the process of establishing businesses in CA also we provide them with business opportunities in the Financial, Comercial and Real estate sectors.
Operates in Costa Rica
Phone: (506) 2272 9650 - (506) 8845 5439
Hospitality and tourism division of Empresas Bern, a Panamanian company with 30 years of experience in real estate development, construction and sales.
Operates in Panama
Phone: (507-) 206-8843 - (507) 6647-6100
Hacienda Pinilla, the design of this project allows the residents to live comfortably amidst the abundant natural and cultural richness of the Costa Rican Pacific Coast in the Province of Guanacaste.
Operates in Costa Rica and Costa Rica
Phone: (506) 2240 1226