Photo, Courtecy of LA PRENSA/ Jihan Rodriguez
The project to expand the Canal has increased the value of these lots, which used to be managed by the United States before the signing of the Torrijos-Carter treaty, which recognized Panamanian sovereignty over the Canal.
There are 5.000 hectares of undeveloped land surrounding the Panama Canal.
Such lots are interesting for touristic endeavors or for installing maritime or logistic facilities. The Panama Canal Authorities and the Recovered Goods Unit of the Economy Ministry are already planning their development.
One of these areas, Fort Sherman, is expected to become “a major touristic center. The first steps to develop it are similar to what was done in Howard. There, the Government hired a consulting company (C4T Tourism Business & Planning) for $266.000, to develop a master plan.
Our Most Popular Posts:
- New Panama Tax Code Overview
- Law 23 Is Dead. Long Live Law 80 (Proposed Law Project 71)
- Panama Knocking On The Asia-Pacific Economic Co-operation Forum Door
- IRS Establishes Criminal Investigation Offices In Panama City
- Panama Pensionado Property Tax Freeze
Visitors Who Read This Post Also Read:
0 Comments.