Five additional tanks to store crude oil will be built by Petroterminal de Panamá (PTP) as part of a pipeline expansion project, which implies an investment of $480 million.
Two tanks will be erected on the Atlantic side, with a capacity of 631,000 barrels, 80.79 meters in diameter, and 20.47 meters high; and three tanks are [...]

Panama America – This Wednesday the order to proceed was delivered to the Oderbrecht company for the extension of the coastal strip at a cost of $52 million dollars.
The project, which will extend the Coastal Strip from the location of the seafood market to the Presidency of the Republic, will also include the construction for [...]

A delegation from Panama will present an update Tuesday on the progress of the Panama Canal expansion to the member countries of the Organization of American States.
The delegation is led by the Minister for Canal Affairs and chairman of the board of the Panama Canal Authority Rómulo Roux, said a statement from the Permanent Mission [...]

The Panamanian construction sector seems to be shifting gears away from residential projects to commercial ones.
Applications for permits for new construction, additions and repairs between January and August 2009 totaled some $1.2 billion, representing a 15 percent increase from 2008.
The president of the Panamanian Chamber of Construction (CAPAC), Jaime Jované, said that the global financial [...]

Panama America – The Comptroller of the Republic endorsed three contracts worth a total of $413.4 million dollars to complete the last phase of the project to clean up the Bay of Panama. The Comptroller gave the green light to the three contracts, in spite of the differences he has had recently with the Minister [...]

Panama’s economy developed better than expected in the first half year of 2009. Pursuant to a report of the Comptroller General’s Office, the construction sector showed a relatively good performance.
The non-residential permits registered a growth of 112.5% whereas the permits for construction, repairs and additions were 20.8% higher. Contrariwise, the residential permits decreased by 4.3%.Other [...]

Imports have dropped 18 percent in the first seven months of the year, which is a dramatic change from 2008 when they rose 40 percent during the same period.
The biggest impact has been in the construction sector, which has seen a massive drop in the demand for imported building materials and machinery. Also dropping has [...]

By Jessica Tason for La Critica – The company Ocean Pollution Control acted illegally because although they had a temporary permit to occupy an area of sea bottom and sea shore area, the permit expired in April of 2009 and in addition this permit did not allow them to build any kind of landfill or [...]

The government is planning the construction of a $600 million coal-burning power plant with a capacity to produce 300 megawatts.
It is expected that the contract to build the plant will be issued next year with an eye toward opening the plant in 2014, according to a source in the Office of the President.
This would be second [...]

By LEONARDO FLORES and JOSÉ GONZÁLEZ PINILLA for La Prensa – The second phase of the Ave. Balboa “Coastal Project” will run from the seafood market until the 2 of January Plaza on 9th Street in San Felipe, and will have a cost of $52 million dollars.
The Cabinet Council approved the construction of the project [...]