Panama: Street Repair Obligatory

Since June 11th, construction companies now have an obligation to repair any damages created by their projects to the streets of Panama City.

Wednesday, June 17, 2009

The agreement issued by the City Council of Panama and published in Panama's official newspaper, Gaceta Oficial, establishes that promoters, construction companies, and others have the obligation to repair any street damage that occurs during the process of construction upon finalizing their projects.

Additionally, according to Prensa.com, the agreement "establishes that, in the event that construction companies do not comply with the obligation to maintain streets clear and in operation, the municipality will issue a resolution that will order the suspension of the project."

More on this topic

New Rules on Horizontal Property Ownership

June 2017

In Panama construction and real estate companies have resumed discussions with the government to update the regulations on the Horizontal Property Law that has been in place since 2010.

From a statement issued by the Ministry of Housing:

Panama: Union Alliance in the Construction Industry

August 2011

The main unions involved in the construction business have formed a group in order to present a common front in the affairs of the sector.

The ‘InterUnion Alliance of the Construction Industry’ has been signed up to by the Panamanian Chamber of Construction (CAPAC), the Association of Brokers and Real Estate Developers (Acobir), the National Housing Council (Convivienda), the Panamanian Chamber of Commerce and Industry (CCIAP) and the Panamanian Institute of Architecture and Urbanism (Ipaur).

Builders Request to split Panamanian Mega-Projects

January 2010

Panamanian construction businessmen have requested the government to split the contracts for mega-projects, in order to enable the participation of more companies.

Currently, the requirements imposed by the Government for most infrastructure projects are impossible to meet by domestic companies.

Concrete Consumption Down 25% in Panama

October 2009

In August, concrete production fell for its fifth consecutive month.

From January to August, cummulative production was 3.1% less than the same period of 2008.

Jaime Jované, president of the Panamanian Chamber of Construction, commented in Prensa.com that "...this reduction is explained by lower activity in major infrastructure projects, as opposed to the first semester, when work was being done on the coastal belt and the Panamá-Colón highway, among other".

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