Construction plans for the province include 150 thousand square meters in construction of commercial and residential centers in the coming months.
Of the eight planned projects, four are mixed-use complexes combining residential, commercial and entertainment buildings, and another two are the mega project called Oxigeno and San Francisco square.In the residential segment, the other two projects, Las Flores, and Bambu, amount to 40 thousand m2 and 17,600 m2, respectively.
An environmental impact study has been presented for the construction of an industrial complex composed of multiple warehouses and office spaces in the province of Cartago.
In the Environmental Impact Assessment (EIA) submitted by Espirit International SA to the National Environmental Technical Secretariat in January 2016, it indicates that the development will be called "Parque Industrial Múltiple" (Multiple Industrial Park) and will be located in the district of San Nicolas, Province of Cartago.
The value of residential construction in Panama grew by 21.6% in 2015, going from $1,028 million in 2014 to $1,251 million in 2015.
Areas in Colon (77.5%), Arraiján (38.5%) and Panama (30.5%) were the ones that had the highest annual increases in residential construction, according to the National Institute of Statistics and Census (INEC). Non-residential buildings, however, fell by 8.6% in the same period, and recorded a value of $820.2 million.
The Varela administration has presented plans to develop projects this year, announcing that after negotiating with contractors, work will resume on 'Health City 'and 'Sports City' in Chiriqui.
Among the new projects that President Varela announced for this year, are the first 'Higher Bilingual Technical Institute ", with capacity for 5000 students, the fourth bridge over the Canal, Metro line 3, the expansion of the roads Panama -Arraiján (eight lanes) and Chorrera-San Carlos (six), the new water treatment plants in Santiago, Gatun and Sandy, and expansion of those in Chilibre and Sabanitas, sewerage networks and treatment plants in Santiago and David, the extension of the 'hydraulic ring' in the capital, and the construction of sewerage systems in district capitals.
Plans are being made to develop a large-scale supermarket measuring 9,000 square meters in Santa Ana, west of San José.
The promoter of the project, PRISMAR de Costa Rica SA, stated in the Environmental Impact Assessment (EIA) submitted to the National Environmental Technical Secretariat, that the development will be called "Pricesmart Santa Ana", and will be built in the Santa Ana district of Uruca province of San José.
Registration has been opened in El Salvador for investment projects that require complementary public infrastructure works to be financed with funds from the Program Apuesta por Inversiones´ Fomilenio II.
There will be about $75 million available for the API Investment Program, part of the $277 million donated by the US government through the Millennium Challenge Corporation (MCC), supplemented with $88 million contributed by the Salvadoran government, making a total of $365 million for investing in a period of 5 years.
Construction of roads, renovation and expansion of airports, an industrial park in Zacatecoluca and works at the border crossings in La Hachadura and Anguiatú are the top five proposals to be developed using funding from the U.S. aid program.
The proposals presented to the Millennium Challenge Corporation (MCC) will be developed through public-private partnerships, and will receive technical and financial support for the creation of the partnerships. Wiliam Pleites, executive director of the board of FOMILENIO II, presented the first five projects and said that three new proposals will be presented to be analysed and approved by the MCC.
Supermercados La Colonia has announced it will invest $27 million in opening five new stores in the second half of the year, totaling 12 thousand square meters of sales floor.
The company founded on Honduran capital has announced that with the five new stores the total stores it will have nationwide will rise to 35.
Gator Partners has obtained a provisional license to build in Bahia Las Minas, Panama, a power plant with a capacity of 400MW, based on ethane.
Gator Partners is planning to build and operate a power plant called "Térmica Energía Corotú" which will operate using ethane gas with a combined cycle plant with a capacity of 400MW.
The project sponsor, Gator Partners LataAm SA is a public limited company established in the Township of Panama City and was registered on November 11, 2014, with the Folio No. 155 585 316. The legal representative is a Panamanian, Oguel Alejandro Suero.
Roads and electrical works, residential projects and gas stations are some of the projects for which environmental impact studies were presented in May in Guatemala.
The report "Construction Projects in Guatemala - May 2015", prepared by the Business Intelligence Unit at CentralAmericaData.com, provides a list of the key construction projects for which environmental impact assessment studies (EIA) were presented in May to the Ministry of Environment and Natural Resources (MARN).
The 60 steps needed to start a project and the slow pace of approvals is exasperating the sector, which fears a decline in foreign investment if the situation does not change.
According to entrepreneurs, reviewing and approving a building plan takes six institutions between five and nine months, while approving an environmental impact study can take up to twelve months.
A bill put forward by the Executive extends the benefit of the Colon Free Zone to the streets of the city, and another supports the implementation of the Special System of Freeports in the province.
From a statement issued by the Government of the Republic of Panama:
An investment of $600 million has been announced, in 22 projects in the province of Colon.
The private sector claims that excessive paperwork and the lack of technical personnel in the Ministry of Environment is delaying the assessment of environmental impact studies and the granting of building permits.
According to the Guatemalan Chamber of Construction, the slowness with which the studies are evaluated and permits granted to construction companies is preventing projects being carried out in the medium-term and moving towards recovery of the sector.
Electricity substations, a municipal stadium, a hydroelectric project, residential projects and dredging of rivers, are among the projects which presented environmental impact studies in February in Guatemala.
The report "Construction Projects in Guatemala - February 2015", prepared by the Business Intelligence Unit at CentralAmericaData.COM, provides a list of major construction projects which in the month of February presented environmental impact assessments (EIA) to the Ministry of Environment and Natural Resources of Guatemala (MARN).
Malls, residential projects, sewage works and power plants are part of the list of environmental impact studies presented in February in Panama.
The report "Construction Projects in Panama - February 2015", prepared by the Business Intelligence Unit of CentralAmericaData.COM, provides a list of major construction projects which in the month of January presented environmental impact studies (EIS) to the National Environmental Authority (ANAM).