Tourism Investment in the Panama Canal

With the purpose of diversifying its income and attracting more visitors, the authorities of the Panama Canal plan to develop new tourist attractions during the next five years.

Monday, November 26, 2018

Representatives of the Panama Canal Authority (ACP) informed that after the Canadian firm Forrs conducted a study to identify the attractions that could be developed, it was concluded that some of the investments that will be granted in concession for its exploitation are the expansion of the visitors center and the construction of a new one, a 2,500 m2 park for children's activities and the operation of a cable car.

You may be interested in "Central America: $766 million in Tourism Projects"

Regarding the projects' implementation, reports that the authorities of the Panama Canal "... work on the legal and technical bases of what will be the regulatory framework of the tourist concessions that will begin to be awarded from 2019 to develop the new amenities. The first project tendered will be a cable car connecting the Miraflores and Cocolí locks. Visitors will have a unique view of the Canal's operations."

The article adds that ".... From an initial list of 200 attractions, which included theme parks, a total of 12 ideas were reached that will be grouped into 5 concepts such as marine, cultural and gastronomic activities, among others. Everything will be taken to concession for a third party to develop the business. The ACP's idea is to extend the tourists' current visit from two hours to two days."

Are you interested in construction projects in Central America?

Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization.

Request more information:

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

More on this topic

Guatemala: Urban Cable Car Concession

December 2017

The Municipality of Villa Nueva is calling on companies who are interested in the concession, for a period of 25 years, of the first Municipal Line of the Public Air Transport Service by Cable Car.

Guatemala Government Purchase 7184689:

Guatemala: Urban Cable Car Project

April 2017

The Municipality of Guatemala claims to have the permits to use the airspace in streets of the capital and Mixco, and needs an endorsement from the CIV before the route to be used can be decided.

Although last November it was indicated that at the end of that month the specifications would be published to grant in concession the construction and operation of the cable car or aerometer, some procedures and permits have yet to be completed in order to proceed with the tender process.

$22.5 Million Cable Car in Guatemala

September 2010

Local authorities and private companies are to invest in the construction of a aerial tramway to the crater of the "Volcán de Agua" volcano.

The work is due to begin next January with the cable car seeking to connect the community of Santa María de Jesús with the crater of the perfectly shaped conical volcano, Volcán de Agua, where a hotel will also be built.

Panama: Cable Car for San Miguelito

August 2009

Authorities unveiled a proposed $50 million, 3 kilometer cable car transportation project in San Miguelito.

The route will span from Samaria to Samaria Piedra, going through Sinaí, Don Bosco and Río Palomo.

Representative Raún Pineda, who presented the project, stated that it "could be financed using the $1 billion credit line granted by Brazil", reports newspaper La Estrella.

 close (x)

Receive more news about Infrastructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Teleféricos del Bosque Lluvioso

Organization that operates in Costa Rica.
Phone: (506) 2257-5961

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Dec 2)
Brent Crude Oil
Coffee "C"