Three large infrastructure projects in Panama are on the list of 100 major strategic plans in Latin America. Above them there is the third metro line in Panama City, a new container terminal and finally Corozal bridge over the Panama Canal. In total, the investments into these three projects amount to $4.1 billion. Such information is known from the report 'Top 100 Strategic Latin-American Infrastructure Projects' made by CG Infrastructure. Construction on these projects is either in progress or will begin soon, the final result will depend on how works next presidential administration. The third subway line and a new bridge over the canal will be developed in collaboration with the Japanese company. Both projects are now passing through design and engineering stage. Administration of Panama Canal is in charge of the third project.
According to Norman Anderson from CG Infrastructure, Latina America needs a 250% increase in investment in infrastructure. “Huge shift in the world of logistics is happening almost everywhere in the world at the moment, and Latina America, a part of it, is the region with great potential for development.”
In 2013, according to the Ministry of Economy and Finance, Panama has allocated $ 4.9 billion. (10% of GDP) for capital expenditure of the public sector. These costs were mainly used to improve the country's competitiveness, but to a large extent it has also influenced the growth of the public debt of Panama.
