News
Public Works in 2019: $4 billion Investments Projected
- Published 21.08.2018
- by Tom on August 21, 2018 in News from Panama
The Varela administration’s budget for next year includes $4.032 billion for the City of Health and new polyclinics, Metro Lines 2 and 3, and construction of road works.
The budget presented by the Ministry of Economy and Finance in Panama includes several items for public investment projects, which together amount to just over $4 billion, according to the institution’s budget report.
Laestrella.com.pa reports that “… Of this figure, most correspond to projects executed by the Ministry of Public Works (MOP), which accounts for about $1.0194 billion of the total. Following the MOP is the Panama Metro, whose requested share for next year is $582.8 million.“
“… The projects coming under the umbrella of the Ministry of the Presidency have a budget of $370.1 million, while for those to be tendered by the Social Security Fund, among which is the City of Health, hospital equipment and construction of new polyclinics, $346.4 million has been requested. The Ministry of Housing and Territorial Planning intends to invest some $333.8 million next year between the Urban Renovation of Colón, Techos de Esperanza, the Solidarity Housing Fund and other projects.”
The report adds that for the construction of new hospitals and polyclinics, $320 million has been budgeted.
Go to listMenu Our Services
- Incorporation...
- Foundations...
- Immigration...
- BVI Companies...
- Bank Intro...
- Free Trade Panama USA...
- Limited Liability Partneship LLC...
- Nevis IBC's...
- Other Jurisdictions...
- Bank License Guide Application...
- Relocate to Panama...
- Panama Pacific Special Economic Area...
- Panama Canal Expansion...
- Investments Opportunities...
- Public Bid Specialist...
- Copyright, Trademark, Patent Registration...
- Mortgage Loans...
- Litigation...
- Maritime...
- Taxation...
About Us
Known now as MOLINA & CO., its partners Rodrigo Julio Molina O. and Elias Manuel Caballero Barsallo have assembled a firm of people-focused, brig...
Read more