Panama: New Regulations on Parking Spaces

The bill would increase the minimum number of parking lots in buildings, offices and shopping centers in Panama, replacing the regulations for each district.

Tuesday, April 30, 2013

A document has been presented by Rep. Luis Eduardo Quirós, which proposes that apartments and businesses which are between two and five stories, must have a minimum quantity of 10 parking spaces, with an additional quota for each extra floor.

Regarding malls, the document explains that there must be at least three parking spaces per shop, establishing fines of $5000 for those projects that do not comply with the law.

According to José Batista, advisor to the board of the Panamanian Society of Engineers and Architects (SPIA by its initials in Spanish), this guild disagrees with this measure because it lacks "technical parameters".

More on this topic

The Most Up and Coming Neighborhoods in Panama City

August 2016

Bella Vista and Calidonia account for 80% of the $200 million investments in urban renewal being carried out by the mayoral office in the 23 neighbourhoods in the district of Panama.

Underground parking, better sidewalks and walkways are part of the added value in Bella Vista and Calidonia, the districts where the most investment is being made in urban improvement. With the aim of "... stopping growing towards the suburbs (in the east towards Chepo and in the north towards the Chagres River) and having a more compact city with a revitalized downtown area," the Mayor of Panama is carrying out an investment plan exceeding $200 million.

Panama: Stricter Urban Development Rules

March 2015

Zoning changes and the creation of municipal planning boards responsible for preparing the urban development plans are part of the new law recently approved on land use.

From a statement issued by the National Assembly of Panama:

The full National Assembly approved on its third reading House Bill No.

Panama: Call to Veto Law on Free Parking

January 2015

Entrepreneurs are asking President Varela to veto the recently passed law which makes it mandatory to provide three hours of free parking at shops.

From the Chamber of Commerce, Industry and Agriculture of Panama (CCIAP):

The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP), laments the approval on its Third Debate of Bill No.

High Demand for Cement in Panama

August 2013

The construction of megaprojects has caused a high demand for cement and an increase in the prices of the main material for the construction industry.

The fact that only two companies (Argos, and Cemex) lead the Panamanian market has caused prices to skyrocket because they are setting the price of this item. Experts expect that when demand for this raw material decreases, so will prices.

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