The general manager of Tocumen, Joseph Fidanque III, explained to Prensa.com that there are already twelve companies interested in settling in the free zone which is to be built in the vicinity to the airport grounds. The free zone will consist of 350 thousand square meters "... divided into different warehouses, which will receive tax, labor and immigration benefits."  The first stage will require an investment of between $11 million and $12 million.

See "Free Zone Logistics Center in Tocumen"

Laestrella.com.pa reports that "...The construction of the free zone, which is expected to be completed in 18 months, is part of a larger project, called Zona Multimodal, which aims to eventually turn Panama into an export hub, added Fidanque."

"... The airport will be allocating 11 million dollars to the construction of the first phase of the Multimodal Zone and 18 million in a second phase. "What is the opportunity?  The connectivity that Panama has does not exist anywhere else in Latin America."

Source: estrelladepanama.com and laestrella.com.pa

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More on this topic

Six companies Interested in Free Trade Zone in Tocumen

December 2016

Schencker from Germany, Blue Logistic from Colombia and the Panamanian companies J Cain & Co. and Colon Import, and two groups who preferred to remain anonymous, have expressed interest in participating in the project.

Joseph Fidanque III, manager of Tocumen S.A., said that when they have the plans for the free zone, which it is estimated will be in about four months, they will call a tender for the construction of the work, which is part of a cargo logistics plan, and includes an investment in the long-term of $70 million. For the first phase they have already approved $15 million, part of which will be used for soil conditioning and roadworks.

Logistics Center in Tocumen to be Tendered in April 2017

October 2016

The first stage of the project to develop a logistics center and free zone on 200 hectares in a section of Panama City airport will be tendered in six months.

The head of Tocumen S.A. told Laestrella.com.pa that "... the beginning of the bidding process is expected within six months, and the first stage will start with an investment of $15 million. 'The board of directors has already authorized us to start with the development of the urbinization to adapt 60 hectares for the concession and build the logistics craft'."

Tender of Duty Free Premises in Tocumen

April 2016

The airport administration is working on details of a tender to be launched in September 2016 for commercial spaces in Terminal 1 and 2, which is still under construction.

Two of the current concessionaires of commercial spaces in Terminal 1, Waked International, SA (WISA) and Motta Internacional have already expressed interest in participating, while for the new terminal, the manager of Tocumen SA, Joseph Fidanque III stated that there are a lot of companies that are interested in the upcoming tender process.

Tender of Duty Free Areas at Tocumen in September 2016

November 2015

The Panamanian airport administration has hired the British company Pragma Consulting to design the strategy to tender the commercial area of ​​the southern terminal, scheduled for September 2016.

Pragma Consulting company also designed the tender process of the business premises that are currently operating under concessions which will expire in 2017.