Terminal 2, whose opening is scheduled for next year, promises to improve conditions at the Panamanian airport, making it competitive with other hubs in Latin America.
The new Terminal 2, which is 92% complete, will have capacity to serve aircraft in 20 contact doors and 8 remote locations, taxiways, parking platform and aircraft circulation, adding up to pavement surface measuring more than 250,000 square meters.
Works at the airport, works on riverbeds and construction of sports infrastructure are some of the projects which were awarded to private companies in May 2016.
The report "Construction Projects in Central America", prepared by the Business Intelligence unit at CentralAmericaData.com contains a detailed list of major construction projects awarded by Central American governments.
Schools, renovation of high rise residential buildings and airport infrastructure are some of the construction projects for which contracts were awarded in Central America in April 2016.
The report "Construction Projects in Central America", prepared by the Business Intelligence unit at CentralAmericaData.com contains a detailed list of major construction projects taking place in Central America.
In countries where airlines work closely with airport authorities and governments, the sector's development has been remarkable, as is the case of Panama.
Air connectivity in Latin America and the Caribbean is expensive: there are 130 different taxes on airfare, costs which are charged to companies, individual travelers, the aviation industry and tourism in general.
The Costa Rican company Meco will be responsible for the renovation and upgrading of the pavement on the main runway at Tocumen International Airport, under contract for $12 million.
Constructora Meco won the contract to renovate and upgrade the pavement on the main track at Tocumen International Airport, Panama, worth close to $12 million, according to a statement issued by terminal's management, reported Nacion.com.
A publication by the CAF reviews the development of five projects implemented using the public-private partnership model for infrastructure investment in Latin America.
From the Presentation document by the Development Bank of Latin America (CAF):
In recent decades, many Latin American countries have launched public-private partnership projects for the construction, maintenance and operation of public infrastructure.
From August 28th to September 2nd, 500 airport executives will be gathering together in Panama City in the world assembly of the International Airports Council.
During the convention the main challenges of the sector will be assessed from the perspective of the constants regulations they face. Also to be discussed is the global trend towards privatization of the airport terminals.
In terms of how modern the infrastructure for air transport is, Panama leads the field, followed distantly by Costa Rica.
"None of the airports in Central America comes close to knocking Tocumen off its number one position in the ranking by Skytrax, nor the ranking by the World Economic Forum. The latter measures the quality of infrastructure for air travel in the country , where Panama climbed from 38th place in 2007 to last year reach the prestigious position of sixth place," reported Elsalvador.com.
The infrastructure in most airports in Central America can not cover the increase in the number of air passengers transiting in the region.
In the region, traffic has increased by almost 80% over the last ten years going from 95 million to 170 million passengers. "Today, 30% of Latin American flights take off or land at congested airports, which constitutes one of the main difficulties in the development of the airline industry," noted an article in Eleconomista.net.
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.
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.
From 17 to 18 October 2012 there will be a meeting in Bogota for major infrastructure project developers, investors, employees and service providers.
Colombia is aiming to triple investment in infrastructure in order to modernize roads and railways, and through this optimize the implementation of trade agreements with global economies.