Tourism Concessions in Historical Sites in Colon

A bill presented in Panama would allow the construction of marinas and docks and the granting of concessions to develop tourism activities in historic areas in the City of Colon.

Tuesday, August 12, 2014

The initiative presented in the National Assembly on August 4, aims to increase the influx of tourists to the historic areas of Portobelo and San Lorenzo, declared patrimony of humanity 34 years ago.

"...The first article of the bill empowers the Executive, after gaining approval from the board of the Tourism Authority of Panama and the National Historical Heritage of the National Institute of Culture (INAC) to grant concessions in Portobelo and San Lorenzo. Additionally, it allows the construction of marinas and docks in order to facilitate the continued influx of people to the place. " reports that "...In order to grant concessions to stakeholders interested parties would be required to provide maintenance, preservation and restoration of buildings and the area, provided that this meets with the approval of the Directorate of Historical Heritage at the INAC . "

More on this topic

Tourist Marinas: New Law in Nicaragua

March 2020

The National Assembly approved a bill that aims to streamline the procedures for granting concessions for the development of yacht clubs and berths.

The deputies of the National Assembly approved on March 12 a new Law for the Development and Operation of Tourist Marinas that will stimulate the development of the tourism industry and encourage national and foreign investment, both public and private, in the water tourism sector, the government informed in a press release.

PPP Law Discussion Suspended

August 2019

After the workers and union sectors rejected the bill creating the Public-Private Partnership Regime in Panama, the Assembly decided to suspend its discussion in the second debate.

Responding to the request to extend the period of consultations by a sector of the country, the plenary of the National Assembly suspended discussion of the second debate of Bill 12, which creates the Private Public Association Regime (APP) as a tool for the development of private sector investment, social and job creation, reported the government on August 27, 2019.

$50 million Investment Proposal in Port Terminal

September 2018

In Costa Rica a private consortium has proposed investing $50 million in the modernization of the port of Quepos, to transform it into a terminal with capacity to receive large cruise ships.

Authorities at the Costa Rican Institute of Ports of the Pacific (Incop) reported that the offer by the Costa Rican consortium CEPP Consultants LLC, which was put forward last Tuesday and will be analyzed starting from next week, and relates to a project be developed through the granting of a concession.

Panama: Marine Concession in Causeway Expanded

April 2014

For 20 years the company Amador Marina will have available 11 acres of sea bottom for the construction of breakwaters, piers, and slips for yachts up to 220 feet and other amenities.

The estimated investment is $22 million, and the Panama Maritime Authority in return will receive, at the end of the twenty year award, the sum of $5,086,000.

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