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Latin America Investment News on Viva Tropical

Most of Panama’s Airports Now Under Control of Tocumen SA

Article Summary:

Enrique Malek Airport, located in Panama’s interior, along with various other airports in the nation, have been handed over to Tocumen SA, who now administers airport operations.

Photo Credit: David Direct

Original Article Text From Prensa via Google Translate :

Tocumen, SA will receive assets of $ 117 million

Tocumen, SA receive assets for $ 117 million
The board of the Civil Aviation Authority (CAA) ordered the transfer Enrique Malek International Airport in the province of Chiriqui, Tocumen, SA

With gratuitous transfer, Tocumen, SA receive assets of $ 117.7 million. In the appraisal made by the Ministry of Economy and Finance and the Comptroller General of the Republic, it was determined that the airport grounds are worth $ 56 million, while infrastructure, $ 55.1 million.

To this figure must be added $ 6.5 million in equipment, among other improvements.

The airport of the province of Chiriqui was remodeled at a cost of $ 27 million work included the construction of a new terminal, and the extension of the runway.

In addition to the Enrique Malek, Tocumen, SA, will receive the assets of airports Enrique A. Jimenez, in Columbus, and Scarlett Martinez, Rio Hato, Cocle, as established by Executive Decree 654 of June 5, 2012.

Tocumen, SA, is preparing a bond issue of up to $ 650 million to finance the construction of a new terminal that originally cost $ 679.4 million. Tocumen International Airport closed 2012 with assets of $ 594.1 million, and financial commitments to pay for $ 126 million.

Link to Original Article:

From Prensa

Latin America Investment News on Viva Tropical