The Rise of the Aerotropolis

Major airports are not only business magnets, but also regional economic accelerators, which act as catalysts and promoters, for miles around, of urban development and business.

Monday, April 22, 2013

While in the rest of the world the development of the city-airports, or aerotropolii, has been remarkable , in Latin America there are only two places that qualify to be called as such: Belo Horizonte International in Brazil, and Tocumen International airport in Panama.

The aerotropolii have developed in different ways. Some of them have been designed as such, but most have evolved into the concept in response to the availability of land around the airport, improvements in access by land, growing consumer demand from air travelers, the needs of airport revenue, and new business practices.

Today, virtually all the business functions of a modern metropolitan center can be found in or near most major air ports, changing their function from city airports to airport cities.



More on this topic

Tender for ‘Airport City’ in Panama

October 2012

President Martinelli has announced that in November there will be a tender for an ‘airport city’ in the east of Panama City.

At the opening of the Expo Logistics Panama in the Atlapa Convention Center, Martinelli reported on the development of Panama as a global logistics hub, and infrastructure projects in the making.

Panama: City Airport Master Plan to be Unveiled

February 2011

Three companies, Prointec, SGS and Naco, will turn in their proposals in the coming weeks to the administration of Tocumen Airport.

After completing updating the 2004 master plan, authorities will proceed to put out to tender the design of the new project, explained Juan Carlos Pino, manager of Tocumen SA.

$400 Million Airport-City in Panama

August 2010

The project includes the construction of a hotel, conference center and a hospital in the region of the capital's international airport, Tocumen.

The 300 hectare construction site was purchased by the Tocumen Airport Administration from the University of Panama for $109 million.

Panama to Build Airport City at Tocumen

June 2010

The project seeks to turn the air terminal into a business, commerce, health tourism and logistics hub.

Panama’s government, through company Tocumen S.A., will begin by acquiring 325 hectares of land currently owned by the University of Panama for $109 million.

Juan Carlos Pino, CEO of Tocumen S.A., explained that this historic transaction will be the first step in transforming Tocumen into an airport city, which will include shopping malls, convention centers and health tourism infrastructure.

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London & Regional Panama is the master developer of the former Howard air base in Panama, now called PANAMA PACIFICO. Panama Pacifico, a mixed-use, business, residential and recreational center, will be created over 40 years by renowned developer London & Regional Panama in conjunction with the government of Panama. For those expanding business overseas, retiring in Latin America or simply visiting this beautiful locale, our sustainable, mixed-use business center and residential hub provides a balance of world-class amenities, infrastructure and services.
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