What kind of mega-projects are planned in Panama to boost the economy?
There are several mega-projects either already under construction, being planned, or contemplated. The project to clean up the Bay of Panama ($350 million), the expansion of the Panama Canal ($5.25 billion), the Central American refinery ($6.8 billion), and the “mega-port” at Farfan ($680 million). And here’s the really sweet part – all of that money is going to be spent inside Panama, on the local economy. Local materials and manpower will be tapped out before anything substantial is imported. These projects will be pouring money into Panama for at least the next ten to fifteen years so the medium range future is very bright especially when cast together with the demographics.
