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Minister of Economy and Finance, Dulcidio De la Guardia , presented yesterday at the National Assembly a bill to coin to 37.2 million of Dollars , of which more than half (16 million) will correspond to currencies of Balboa , popularly known as " Martinellis " since the government of former President Ricardo Martinelli made a similar coinage
Minister of Economy and Finance official Iván Zarak said today that $5 billion will be invested in the country's energy sector through 2017.
He made that comment at a meeting of officials from Central America and the Caribbean.
He said that $3.8 billion will be invested by the private sector and $1.2 billion from the public sector.
There are a number of large private projects slated to come on line in the next two years that will add to the country's generating capacity. In addition, the government plans to invest in the interconnection project with Colombia ($500 million) and $700 million for electricity transmission lines.
Zarak clarified that in Panama, the electricity market faces challenges, among which are the need to reduce marginal costs and to diversify the energy matrix to meet the growing demand for energy.
The Department of the Metro has completed its review and signed the contract for the construction of line 2 of the Metro with a consortium led by Norberto Odebrecht of Brazil and Spain's FCC Construction.
The contract will be now sent to the comptroller for verification.
It calls for the system to be extended from San Miguelito to Tocumen and to be completed in 44 months. The cost is $1.8 billion.
The contractor must post a bond of $310.7 million.
Line 2 will be 21 kilometers and have 16 stations.
The exchange of oil or natural gas for the millions of dollars that Venezuela has not paid Panamanian companies being "among the options" to resolve the issue, said today the Panamanian Vice President and Foreign Minister Isabel De Saint Malo de Alvarado .
"All options are on the table," said the vice president, while Venezuela has repeatedly stressed that given "signs of a firm and strong commitment to resolving the situation."
"The deeper issue, which we have already been working, is how those currencies are made available,"
Panama is willing "to seek other more creative options that make the Venezuelan government easier to make available these currencies,"
"Clearly companies need Panamanian dollars, not bolivars" reasoned From Saint Malo, referring to overdue Venezuelan companies to honor the payment of purchases from the Colon Free Zone, pharmaceutical companies and Copa Airlines.
Air Panama has their operations base in Albrook Terminal.
A interconnection road will be built between Albrook and the 4th Bridge of the Panama Canal
Authorities plan to move operations of Airport Marcos A. Gelabert to the former USA military base known today as Panama Pacifico.
According to authorities - before 2019 the relocation will be done.
One of the points to be defined will be whether Tocumen S.A.or the Civil Aeronautic Authority will be in control of the operations, which are currently being controlled by Albrook Airport.
Most Impact Project includes:
The 4th Bridge over The Panama Canal
Will be built approximately 500 meters from the current Bridge of the Americas and will connect Albrook and the corredor Norte and will have the capacity to hold the 3rd line of the Metro System which will unite Albrook and Arraijan
More brings more - Soon we will see how these projects affect the Real Estate surrounding the areas of interest.
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