Panamá Pacífico to Invest $345 Million in 5 Years

In the next five years, London & Regional, the company in charge of the master planned development (MPD) will manage $345 million worth of works.

Monday, August 30, 2010

Olmedo Alfaro, general administrator of the Panama-Pacifico Special Economic Area Agency (AEP), highlighted that, “in these five years, more than $300 million will be invested representing a switch from the planning to operational phase for Panama-Pacifico”.

The AEP is the state institution responsible for regulating London & Regional, the private company owning the area’s 40 year concession where it is due to invest at least $705 million.

More on this topic

Training Center for Panamá Pacífico

April 2012

The investment of $17 million is intended to meet the requirements for trained personnel in Panama Pacifico, especially for handling heavy equipment.

Work on the training center should be started in June and it is hoped that it will fulfill all the requirements for participants in training courses on the skills required by the modern labor market: English, technology, work ethics and personal finances.

Panamá Pacífico Development Underway

August 2009

$65 million have already been invested in the former Howard Air Base.

Henry Kardonski is the CEO of London & Regional Panamá, developer of the project. He assured that by the end of 2009, over $100 million will be invested, 15% of the targeted $705 million.

Work on the industrial business park is expected to be finished this month, with 10.000 m2 of office space and 21.000 m2 of warehouses.

Investment of $705 Million in Panama Pacific Project

March 2009

The British company, London & Regional, is developing the project which would imply a $705 million investment over the next 40 years.

In an article in La Estrella de Panama, some of the characteristics of the project are described, which consists of a sustainable city with business parks, logistics, tourism and residential areas.

Panama Pacific Project begins construction

November 2008

Construction of the first phase of the $70 million Howard, Panama-Pacific Project starts tomorrow.

London & Regional Panama, master developer of the Panama-Pacific Special Economic Area, will hold the official innaguration for construction start up.

The ceremony will be held on Thursday, November 13, 2008 at the former Howard Base.

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