Building on a Boom

Building on a Boom

Panama

Election years are always good for the construction industry, as outgoing administrations try to beef up their reputations and fuel their economies with fat public works projects. Panama in 1999 was no exception, when the construction industry grew 12% largely thanks to $400 million in government funds targeted at the sector. But 2000 was the real test for Panama's growth. Would the US troop withdrawal cause an economic bust? Fortunately, the conversion of 230,000 acres of former US military land and installations has attracted considerable investment, keeping tractors rolling and buzz saws humming in the Canal Zone. The completion of a series of toll roads surrounding Panama City furt

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