Below are a few of the significant projects throughout Panama that are essential to the long-term stability and prosperity of the country:
The Tocumen Airport expansion will cost USD$670 million and will increase passenger traffic, support the growing economy and create jobs. The project is set to create a new terminal with 20 boarding gates. By the end of 2016, Tocumen will be able to support up to 15 million passengers every year.
New public hospital projects aim to serve the more rural and remote regions of the country. By better serving these regions, the healthcare costs should decrease. National campaigns will also teach people the importance of preventative health care. This will also reduce the costs of healthcare as a whole.
Panama Canal Expansion
The goal of the Panama Canal expansion is to double the capacity of the waterway. The project involves a new lane, admission of Post-Panamax vessels, a Pacific access channel, and improvements to dredging channels and the water supply. The project will cost a few billion dollars, but the results will impact global maritime trade and economies of scale in a positive way
Panama City Metro System
Half of Panama residents live in the Panama City metro area. As a result, the existing public transportation infrastructure of buses is unable to handle the number of travelers. At this time, the first completed line has 12 stops. This line is running from North to South from large employment areas to tourist attractions.
This project will create efficiency and protections during electronic monetary transactions. The Public Registrar will have access to track all electronic signatures. This project will increase confidence and security throughout the global financial industry. It will also make electronic transactions easier and more secure. This will add another competitive advantage in the banking and finance industries of Panama.
Water Sanitation Project
The Water Sanitation Project will clean up the Panama Bay from decades of pollution. The city’s water supply will improve the quality of life of all Panamanian residents. The project includes the creation of wastewater treatment plants and biological nutrient removal modulars. This project will ensure that the country has enough fresh water for decades to come.