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Latin America Investment News on Viva Tropical

Panama’s Aggressive Infrastructure Plan Marches Forward

Article Summary:

Panama awards a coastal construction for $19.5 million to RPL-CSI Consortium Panama for the construction of the highway that will join Cuango with Santa Isabel.

Photo Credit: Prensa

Original Article Text From La Prensa via Google Translate :

The waterfront has a name

CSI Consortium Panama, Panama Venezuelan capital, won the tender for the construction of the road millionaire Cuango – Santa Isabel, up the coast of the province of Colon.

The commission evaluated the proposals of each consortium interested in the way awarded RPL-CSI a rating of 98 points.

This way your bid $ 19.5 million earned to keep the contract and beat Urban Construction SA (Cusa), which bid $ 20.6 million and received a rating of 89.31.

The Costanera consortium, composed of companies Cobra, Ibervías, and Construction Sevilla, Spanish capital, was disqualified for failing, in the opinion of the commission, with the technical experience required.

The project includes building 26 kilometers two road bridges over rivers Cuango and Culebra, which provide access to the town of Santa Isabel, especially at Punta Cocoye sector, which borders the region Kuna Yala, which has over 10 miles of white sandy beaches.

The Tourism Authority of Panama (ATP) argues that the project will enable the development of tourism sector. True, the first beneficiary will Decameron Group, which will invest $ 50 million into a 320-room hotel in the area of ​​Punta Cocoye.

The hotel company has indicated that the construction of the hotel started when ATP deliver the order to proceed to the winning company.

For Ricardo Molina, owner of the company Greengrocer Atlantic, which develops over a thousand acres in the area between Palmira and Santa Isabel, the road will return to life up the coast.

“The road will be a magnet for new investment, and we are going to build a hotel in the area”, she said.

It was learned that with the announcement of the new access to Punta Cocoye, soon appeared interested in acquiring land in the area.

Currently the square meter, with access to the sea, is priced between $ 20 and $ 35, while in the most remote areas of the coast reaches $ 10.

As has happened in other locations, it is expected that land prices rise. In this case, says Molina, the residents have waited years down the road and are not willing to sell their property to the first offer you receive.

Today, reaching the town of Santa Isabel is not easy. Residents must pay 5 dollars to address some of the boats that leave without a set schedule, from the port of Miramar.

During the course of 45 minutes can be observed at least three beaches (Tomb, Palmira and Playa Chiquita), which stand out for their clear waters and golden sand.

In the area between Punta Miramar and Cocoye no reefs where you can go scuba diving, sport fishing and on land, ecotourism.

Frustrated by the lost, which in his view governments have had to up the coast sector, Alexis Bărăgan, fisherman, said that beyond the road, what they need is to promote the attractions of the area.

“The Panamanians and tourists only know of Colon Isla Grande and Portobelo, but have no idea that we exist,” he said.

The other option to get to Santa Isabel Cuango involves cross rivers and Culebra, but can only be done with a 4×4 vehicle. Once these obstacles are to cross stone paths that have enabled employers in the area to move their merchandise.

At Santa Isabel, come to mind images of a ghost town. Of the 284 people who had the town in 2010, now there are only about 100.

Juana Salazar maintains a youthful spirit at 92 years. He says that most people have gone to live in other places in search of better opportunities.

She hoped that road eventually allow companies that generate employment spaces for the inhabitants of the coast above. That way it would make sense investing $ 19.5 million.

Link to Original Article:

From La Prensa

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