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Panamá Pacífico
Henry Kardonski is the CEO of London & Regional Panamá, developer of the project. He assured that by the end of 2009, over $100 million will be invested, 15% of the targeted $705 million.
Work on the industrial business park is expected to be finished this month, with 10.000 m2 of office space and 21.000 m2 of warehouses.
"Some 3.000 are currently working in the area, and, by the end of the year, a total 5.000 workers are expected", reported newspaper La Estrella. "According to Edgar Hernández, construction director, 85% of the planned infrastructure for 2009 is already completed".
Source: estrelladepanama.com
More on this topic
March 2009
The British company, London & Regional, is developing the project which would imply a $705 million investment over the next 40 years.
In an article in La Estrella de Panama, some of the characteristics of the project are described, which consists of a sustainable city with business parks, logistics, tourism and residential areas.
November 2008
Construction of the first phase of the $70 million Howard, Panama-Pacific Project starts tomorrow.
London & Regional Panama, master developer of the Panama-Pacific Special Economic Area, will hold the official innaguration for construction start up.
The ceremony will be held on Thursday, November 13, 2008 at the former Howard Base.
August 2010
In the next five years, London & Regional, the company in charge of the master planned development (MPD) will manage $345 million worth of works.
Olmedo Alfaro, general administrator of the Panama-Pacifico Special Economic Area Agency (AEP), highlighted that, “in these five years, more than $300 million will be invested representing a switch from the planning to operational phase for Panama-Pacifico”.
April 2010
London & Regional inaugurated the visitor center at Project Panama Pacifico.
Construction of the two buildings which compose it started January 2009 and finished January 2010.
Several companies have stated their intention of participating in the project: 3M, Caterpillar, 3PL Panamericana, Bombasa Latinoamérica, Aggreko, Cable & Wireless, IP Leather, Singapore Technology Aerospace and Yermont Enterprises, among others.
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