Panama: Potential of State Land

Seven areas of reverted properties have features that make them ideal for uses such as residential developments, storage and logistics areas, or ports and shipyards.

Wednesday, October 17, 2012

A World Bank study commissioned by the Panamanian government indicates the optimum uses that could be given to reverted land areas.

"The ‘Reverted Areas’ of the Panama Canal are the former Panama Canal Zone area which was administered under the United States until the signing of the Panama Canal Treaty, contained in the Torrijos-Carter treaty, which recognizes Panamanian sovereignty and abolished the rule of the American civil government in that area. These areas were gradually reverted to the territory of Panama from October 1, 1979 until December 31, 1999, in view of Article I of the Panama Canal Treaty. The areas total 1474 km ². “ From Wikipedia.

An article in Prensa.com reports that:

- "In the Davis/Brazos and Telfers areas there is potential for high value storage and logistics services."

- "In Isla Largo Remo suggested development includes shipyard for ship construction and repairs; In Sherman Sur recommendations are for, in addition to shipyards, cruise terminals and ancillary maritime industries."




More on this topic

A Logistics Strategy for Panama

April 2012

The Logistics Business Council forms the basis for defining a long-term vision to guide the development of Panama as a world-class logistical hub.

Panama needs a long-term strategic vision in order to enhance its logistical, and geographic and fiscal advantages, in the same way that Singapore has made a projection planning up to 2050.

Consortia Interested in Baru

January 2012

Investments could take the form of a refinery, a logistics center and tourism projects in the Caribbean zone of Panama.

Three foreign consortia have expressed interest in settling in the free zone of Baru, Chiriqui Province, to build a logistics center, a refinery for processing hydrocarbons, and a tourist center, taking advantage of the Baru area’s geographical position, as well as the pipeline which can transport oil from the Caribbean to the Pacific and vice versa, said the Minister of Commerce, Ricardo Quijano.

New Panamanian Atlantic Logistics Center

August 2011

It is estimated that in the coming years the Atlantic sector could become a major logistics hub.

Expansion of capacity to move containers and systems improvements are some of the tasks that have been started by port operators in the Atlantic sector, who believe there will be a strong rebound in demand once the expansion of the canal is underway.

Colombia Interested in Panamanian Logistics

February 2010

Colombia’s Commerce vice minister remarked that his country is interested in Panama’s logistic potential.

He visited the country, and toured the Colon Free Zone, analyzing the competitive advantages of operating from Panama.

"By the end of the encounter, the Panamanian Government announced they signed a framework document for negotiating a Free Trade Agreement", reported Laestrella.com.pa.

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