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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.”