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Latin America Investment News on Viva Tropical

Panama Plans Atlantic Coastal Road

Article Summary:

The Panama Tourism Authority has set the price tag for the construction of the coastal road between Cuango and Santa Isabel, in Colon, at $18 million.

Photo Credit: La Prensa Panama

Original Article Text From La Prensa via Google Translate :

The Tourism Authority of Panama (ATP) set at $ 18 million price tag for the construction of the coastal road linking the communities of Cuango and Santa Isabel, up the coast of the province of Colón .

The approval meeting the tender abbreviated best value will be held on June 12, and delivery of proposal is scheduled for June 21.

Decameron Group noted that is only waiting to start the construction of this project to give green light for hotel project on the Atlantic coast.

It is a beach resort with 320 rooms which would be located in Punta Cocoye, in the town of Santa Isabel, which represent an investment of $50 million in the first phase.

The administrator of ATP, Solomon Shamah, explained that the project is designed to benefit a particular group, but is included in the tourism master plan 2007-2020.

Currently to get to Santa Isabel have to take a boat in Cuango.

Link to Original Article:

From La Prensa

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