Construction: The Most Important Projects in Panama

Details of the ten most valuable construction projects in terms of investment, for which environmental impact studies were submitted in the last twelve months.

Tuesday, October 10, 2017

Of the 10 most important construction projects for which Environmental Impact Studies were submitted to the Ministry of the Environment between August 2016 and July 2017, four are to be developed in the province of Colón, with an estimated investment of $2 billion. 

In terms of investment value, there are five projects in the province of Panama, adding up to an investment of close to $963 million, and one in Veraguas, with an expected investment of $323 million.

The four projects that are being developed in the province of Colón are the residential developments "Porto Caribe" and "Proyecto Inmobiliario Hacienda Santa Cecilia", the port infrastructure work "Panama Colón Container Port" and the energy project "Gas To Power Panama".

The five projects in the province of Panama are the residential "Condado Point" and "Golf Gardens", the tourism project "Portones del Mar Yacht Club & Resort" the mixed development "Panama Global City" and construction of the "Instituto Técnico Superior del Este (ITSE)". In Veraguas the energy project "Parque Eólico La Vikinga" is being developed.

CentralAmericaData has information on construction projects to be developed in Panama and other Central American countries, with details such as estimated investment, project times and phases, materials and equipment required during and after construction, water treatment, and parking lot structures, among other things.

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More on this topic

Panama: $150 million Wind Farm

October 2016

Plans are in place to develop a wind farm with 36 wind turbines called La Vikinga, in Santa Fe, Veraguas.

The company Eólica Energy S.A. plans to develop the project in an area measuring 2,200 hectares, 1,327 hectares of which are in the protected area of the Santa Fe National Park.

$175 million Resort

November 2015

A plan is being made to develop residential buildings and a 614 room hotel complex in a 25 acres area ​​in the touristic area of ​​Rio Hato, Panama.

The promoter of the project, Agro Playa Blanca SA, detailed in the Environmental Impact Assessment (EIA) submitted to the Ministry of Environment, that the development will be called "Agro Playa Blanca Phase II", and will be built in Rio Hato, district of Antón, province of Cocle.

Costa Rica: Residential Project for $8 million

March 2015

An environmental impact study has been presented for the construction and subsequent operation of a residential condominium in San Rafael de Escazú, in the province of San José.

Developer company BDI Los Laureles has submitted to the National Environmental Technical Secretariat (Setena) an environmental impact study for the construction of residential project called Casas Los Laureles.

Luxury Resort Planned in Costa Rica

September 2014

An environmental impact study has been presented for the construction and operation of a condominium containing 185 residential lots in the residential complex Nativa Resort in the Pacific of Costa Rica.

The company Estancias de Nativa Limitada submitted to the Environmental Technical Secretariat of Costa Rica (Setena) an Environmental Impact Study to build the second phase of NATIVA Resort, a luxury residential complex in a beach resort area 45 minutes from San José, located in Tarcoles, province of Puntarenas.

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Calvet & Associates

We are specialized in Residential and Commercial Real Estate Development and in the Hospitality and Tourism Industry. We provide integral support to investors and projects. Our market share is 71% +
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