Three Airports in Panama to be Privatized

In a reversal of the decision of having them administered by Tocumen SA, the airports of David, Colon and Rio Hato will be granted in concession to private companies.

Monday, November 26, 2012

The Panamanian government now believes that it would not be suitable for Tocumen SA to manage – along with Tocumen International Airport - these airport terminals, which are being remodeled at a cost of $138 million.

An article in Prensa.com reports that "transferring (management) of the three airports to Tocumen, when the remodeling has been completed, could affect any bond issue or request for funding by the company to carry out its expansion plan which is in excess of $700 million, according to research by the Ministry of Economy and Finance (MEF). Rafael Barcenas, director of the Civil Aviation Authority (CAA), said that the government will repeal decree 654, adding that it will be up to the MEF to issue a new standard MEF which will leave the previous one invalid. "

Barcenas announced for some time in 2013, the concession process for the Enrique Malek airport in the province of Chiriqui, the Enrique Jimenez airport in the province of Colon, and the airport in Rio Hato.



More on this topic

Enrique Malek Airport Handed Over to Tocumen SA

September 2013

With the free transfer of title, approved by the Civil Aviation Authority, the company will receive assets valued at $118 million.

Prensa.com reports: "During the appraisal conducted by the Ministry of Economy and Finance and the Comptroller General of the Republic, it was determined that the airport grounds are worth $56 million, while infrastructure is worth $55.1 million." Added to this is another $6.5 million in equipment and other things.

Tocumen SA to Manage Three More Airports

June 2012

The airports of David, Rio Hato and Colón will change administration to be run by the same company that runs the Panama International Airport.

"The assets and liabilities of the airports of David, Rio Hato and Colon -terminals that are administered by the Autoridad Aeronáutica Civil (AAC) - will be transferred to "without consideration of payment" to Aeropuerto Internacional de Tocumen, S.A., as stipulated in executive Order No. 654 of June 5, 2012 and which was registered in the Official Gazette yesterday", reported Prensa.com.

Panama: $ 200 Million in Airport Infrastructure

February 2011

The Government is investing in construction, expansion and rehabilitation of airports nationwide.

Within airport investments is the expansion of Tocumen International Airport with the "Muelle Norte" which requires an investment of approximately $ 100 million and is currently 51% completed.

Panama: Airports Expansion Under Consideration

July 2009

The air transport authority analyzes the expansion of airports 'Enrique Maleck' and 'Enrique Jiménez'.

"Enrique Maleck" airport is located in the province of Chiriquí, whereas "Enrique Jiménez" is in the city of Colón.

From Panamá América's website: "Construction of another terminal in the central region was approved, this could be in Río Hato ...

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