Panama: Marine Concession in Causeway Expanded

For 20 years the company Amador Marina will have available 11 acres of sea bottom for the construction of breakwaters, piers, and slips for yachts up to 220 feet and other amenities.

Monday, April 14, 2014

The estimated investment is $22 million, and the Panama Maritime Authority in return will receive, at the end of the twenty year award, the sum of $5,086,000.

The resolution of April 8, 2014 by the Cabinet Council of Panama states that it was agreed "... to grant a concession contract that awards a total area of ​​11 hectares + 3411.05 m2, located on the Amador Causeway, township of Ancon district and province of Panama, for a term of twenty (20) years to the country AMADOR MARINA, SA "



More on this topic

Tourist Marinas: New Law in Nicaragua

March 2020

The National Assembly approved a bill that aims to streamline the procedures for granting concessions for the development of yacht clubs and berths.

The deputies of the National Assembly approved on March 12 a new Law for the Development and Operation of Tourist Marinas that will stimulate the development of the tourism industry and encourage national and foreign investment, both public and private, in the water tourism sector, the government informed in a press release.

Tourism Concessions in Historical Sites in Colon

August 2014

A bill presented in Panama would allow the construction of marinas and docks and the granting of concessions to develop tourism activities in historic areas in the City of Colon.

The initiative presented in the National Assembly on August 4, aims to increase the influx of tourists to the historic areas of Portobelo and San Lorenzo, declared patrimony of humanity 34 years ago.

Concession for Cruise Port in Amador

July 2012

Cruise operators have informed the government of Panama about their interest in investing $30 million in order to build a cruise terminal on the Amador Causeway.

The concession would be awarded for a period of 20 years, renewable for another 20 years, and would be for the operation of a port to be built on the Amador Causeway, near the Balboa Yacht Club.

$100 million investment for Panama Pacific coast

January 2009

In the next four years Fort Amador Resort & Marina is planning to invest in the construction of a dock and terminal for cruise and other ships.

According to prensa.com "The dock, which will cost $8 million, will suitable to serve as the home port for cruise ships, said Carlos Tunon, general manager of Fort Amador Resort & Marina, the concessionaire of Flamenco island on the Panamanian Pacific coast.

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