Panama Pacific Celebrates Seven Successful Years

The concessionaire London & Regional Panama has a higher rate of investment than it promised the Panamanian government when it won the contract.  

Thursday, March 12, 2015

At the end of 2014 the company had invested $430 million, which is $25 million more than it had agreed to invest up to 2016. Despite this, representatives of London & Regional Panama argue that the amount of bureaucracy has been one of the obstacles limiting growth of the area.

Prensa.com reports that "... This year 40 thousand square meters of warehouses, which will be constructed, joining the 130,000 already built. In total, London & Regional Panama has developed 30% of the project, and by 2016 it is expected to reach 50%. At the current pace, the British firm, which has the concession to develop Howard until 2040, believes that in 2025 will have completed the $700 million needed to invest in the project. "

However, Henry Kardonski, general manager of London & Regional Panama, notes that "... The delay in approving building permits and other state procedures delayed the installation of companies. Although we have a one stop shop for streamlining these processes, sometimes it has been difficult. The problems of mobility and accessibility in the west sector also limit the arrival of more investors to the project. "



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