$600 million earmarked for Colón

Colón City

This post is also available in: Spanish

Colón City

Colón City.

According to President Varela, $600 million will be invested in the construction of homes, improvements to the sewage system, restoration of the historic quarter (“casco histórico”), and the repair of roads. Some of the funds will support improvements in security, education, cultural initiatives, public spaces and green areas

According to President Varela, $600 million will be invested in the construction of homes, improvements to the sewage system, restoration of the historic quarter (“casco histórico”), and the repair of roads. Some of the funds will support improvements in security, education, cultural initiatives, public spaces and green areas.

Panama sets sights on establishing its Caribbean port as a stop for major cruise lines

Panama President, Juan Carlos Varela, recently announced plans to invest $600 million for the renovation of 16 of Colón City’s streets which will establish it as a stop for cruise ships. To accomplish this goal, new agreements are being negotiated with the major cruise ship lines to connect Colón with the ports in Jamaica and other Caribbean nations.

Varela added that the plan will complement the Colón Free Port project, designed for tourists to take advantage of duty free shopping upon their arrival. He added that the government will offer multinational businesses incentives for establishing their headquarters in Colón. Varela’s plan also contemplates motivating the Colón populace to “reconnect with the cultures of the Caribbean.”

Authors

Related posts

Top