PANAMA REPORT: Spending in the Balance
The canal seems a done deal, but Panama has plenty of other infrastructure projects lined up. Amid crisis, some may not see the light of day.
by Andrew Beatty
With presidential elections scheduled for May 2008 and
Panamas ruling Revolutionary Democratic Party hoping to
reap the benefits of the economic boom at the polls, a plethora
of infrastructure projects should be advanced in the next few
months. Many have yet to be fully financed, and they hang in
the balance due to rocky market conditions.
Still, projects potentially worth $17 billion in the near
term have been tabled across a range of sectors. They are part
of Panamas dream of becoming the logistical and business
center for LatAm, which may well end up being shattered by
A few government-funded infrastructure projects are certain
to be completed because of their high political profile,
including a $200 million motorway between Panama City and the
down-at-heel second city of Colón. A $190 million
venture to reclaim a strip of land from Panama bay...
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