In El Salvador, a construction project has been announced for 2019 which consists of building a mini-city, whose master plan will be developed over a period of 15 years.
According to representatives of Urbánica, the developer that is promoting the mega project, it will be located in the Norponiente sector of Greater San Salvador, in the municipality of Apopa in the area known as El Ángel, and the project is currentlyin the phase of negotiations with government authorities.
Plans are underway to build in Panama City a mini city estimated at $4.1 billion, which will include areas for logistics, commerce, residential development and city utilities.
The Environmental Impact Assessment (EIA) submitted to the Ministry of Environment in October 2015 by PGC Developers, SA, indicates that the development called "Panama Global City" (PGC), and will be located in the districts of Tocumen, 24 de Diciembre and Pacora, in the district of Panama, Panama Province.
The Karims business group has laid the foundation for a $100 million real estate project that aims to replicate the success of the concept in San Pedro Sula.
From a statement issued by the Presidency of Honduras:
Altia Smart City has the following elements:
- A business and technology park, in which the outsourcing of services will be encouraged.
The private sector has proposed creating development zones with specific tax laws and tax free status in order to encourage local and foreign investment.
Following a concept created by economist Paul Romer and implemented in cities such as Hong Kong, and proposed in Honduras through the passage of a law last year, Salvadoran businessmen are proposing 29 law reforms in order to create development zones which have their own laws to enhance the competitiveness of companies located within them.
Billed as a "private city", Paseo Cayalá is the first of several complete urban projects to be developed outside of the capital of Guatemala.
The complex located about seven miles from the capital and is the first of several to be developed which include, in the same place, different types of houses, boutiques, supermarkets, restaurants, parks and even a church, all with security service included.