Panama: $62 million for Tourism Works

The Ministry of Environment has announced that using IADB funds, the infrastructure of four protected areas in the provinces of Veraguas, Colón and Chiriquí will be renovated.

Friday, December 15, 2017

According to the Environment Minister, Emilio Sempris, most of the funds will be invested in the Coiba de Veraguas National Park, which will be allocated about $27 million for the "construction and renovation of visitor sites, trails and the site's administrative centers."

The Parks Portobelo and Bosque Protector de San Lorenzo, both in the province of Colón, will be allocated approximately $21 million for the "construction of docks, renovation of sites, visit centers, among other works." Other approved funds totaling the $62 million will be used in buildings in the Volcán Barú park in Chiriquí and in other complementary works in the other protected areas.

Prensa.com reports that "...These investments are aimed at attracting new markets and facilitating the creation of circuits to extend tourist's length of stay."

More on this topic

Tourism Infrastructure Funds Approved

February 2019

In Panama, the National Assembly authorized the transfer of $11 million to finance the rehabilitation of tourism projects in Isla Colón, the Antón Valley and the construction of the Boquete convention center.

Regarding the administrative management to provide the funds, the National Assembly reported that the Budget Committee was responsible for approving two transfers of items from the Ministry of Commerce and Industries to the Panama Tourism Authority.

Panama: $100 million for Renovation Works

January 2018

With IDB financing, renovation works will be carried out on the National Theater, a museum, fortifications in Portobelo and San Lorenzo and in national parks.

From a statement issued by the National Economic Council (CENA):

The CENA has issued a favorable opinion on two projects for loan contracts for the sum of 107 million dollars so that the IDB can partially finance execution of the program called "Support for the Conservation and Management of Cultural and Natural Heritage".

$27 million Investment in National Parks

January 2018

With a loan from the IDB, several works will be carried out to improve the infrastructure of Coiba National Park in Panama.

Renovation of interpretation trails, improvement of the facilities at Gambute station, adapting the potable water supply and sewage system, and overhauling of the dock are some of the works that are planned for development in the reserve located in Veraguas, according to the plan for public use that was approved days ago.

El Salvador: $25 million to Support Tourism

August 2013

The funds will mainly be applied to infrastructure construction projects in the Gaza coastal marine area and loans for tourism SME's.

The Inter-American Development Bank has provided a loan of $25 million for a program of tourism development in the coastal marine strip.

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