Multi-million-dollar progress in Panama Pacifico

August 8, 2009

Calle 50

The Panama Pacifico project is moving forward as planned, with roadwork and infrastructure already 85% complete and construction at the 65% mark. Master Developer London & Regional Panama (LRP) says some $65 million have already been invested in the first phase alone, which began in December of last year. The project is located in the former Howard U.S. Air Force Base, near the Pacific entrance to the Panama Canal. Per LRP, the first phase should be complete by the 2009 yearend, by which time the company will have invested $100 million.