The Mayor of Panama has announced two new concession projects for underground parking spaces in Panama City.
The institution announced that underground parking will be built at the site of the Street Vendors and Crafts Market on plaza 5 de Mayo, an initiative that already has the approval of the Municipal Council of Panama. Recently this local government approved an agreement to authorize it, signing a concession contract for the development of the parking lots.
Since June 11th, construction companies now have an obligation to repair any damages created by their projects to the streets of Panama City.
The agreement issued by the City Council of Panama and published in Panama's official newspaper, Gaceta Oficial, establishes that promoters, construction companies, and others have the obligation to repair any street damage that occurs during the process of construction upon finalizing their projects.
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