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Volume 15, Number 1
January 14, 2009

economy

Also in this section:
Bus fleet purchase delayed
Clerical strike paralyzes many Seguro Social functions
Cinta Costera progresses
Electric companies for sale
An extra added distraction
Business & Economy Briefs


Photo by Eric Jackson
 
Promised disclosure of special assessment plan doesn't happen
Most of the Cinta Costera landfill done, now come traffic and pedestrian works
by Eric Jackson, mostly from other media
 
The landfilling for the Cinta Costera public road and private hotel and marina expansion project is nearly complete. The closure and demolition of the sidewalk along the old seawall on the south side of Avenida Balboa is coming up shortly, and the bridge and roadway work is already underway.
 
The government has reneged on its promise to disclose in December who is going to get precisely how much of a special tax assessment to pay for the project, which will create four lanes of traffic over what used to be part of Panama Bay. There have been several versions of the payment plan, and we were supposed to get a definitive announcement from the secretive panel appointed to formulate this bad news. However, December came and went with the ruling Democratic Revolutionary Party plunging in the polls. The head of General Noriega's Dignity Battalions goon squad, Minister of Public Works Benjamín Colamarco, had promised a December announcement and we didn't get it. We probably won't until after the May 3 elections, unless those become such a foregone conclusion that any political damage from such an unpopular announcement would make little difference.
 
When the traffic lanes on the landfill are done, then Avenida Balboa will become a four-lane eastbound street and a nightmare for pedestrians to cross unless and until a series of pedestrian overpasses are built. The westbound traffic will go over the landfill.
 

Also in this section:
Bus fleet purchase delayed
Clerical strike paralyzes many Seguro Social functions
Cinta Costera progresses
Electric companies for sale
An extra added distraction
Business & Economy Briefs


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