Due to the delay in approval of the environmental permit, in the first stage of the project, the subsidiary of Del Monte will cultivate 650 hectares of banana, instead of the 970 hectares originally planned.
Prensa.com reports that "... The company Banapiña de Panamá, a subsidiary of Del Monte, imported 1.2 million meristems from Costa Rica,of the banana variety "gran naim", to begin the cultivation process at the end of this month."
In Panama, $13 million were approved to sign lease agreements with landowners where Del Monte will reactivate banana production in Barú, Chiriquí.
With the disbursement approved by the Cabinet Council, part of the contracts to lease farms may be signed so that Banapiña, a subsidiary of Del Monte, can start the process reactivating banana production in Barú.
The Comptroller has confirmed the contract for Del Monte to invest $100 million in a maximum period of seven years, projecting an average productivity of 2,725 fruit boxes per hectare per year.
The contract was endorsed by the Comptroller's Office, but requires the approval of the Cabinet and the approval of the National Assembly to become contract-law.
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