Panama construction on the upswing

 
1,326Views 0Comments Posted 09/03/2018

"THE DISRICT  of Panama led the way in new construction, additions and repairs in the first month of 2018. Figures from the Comptroller General show  an increase  of 22%  over Jan. 2917.

The value of new construction in Panama, was  $53 million. It was followed by Colón, Arraiján, Santiago and La Chorrera, with $28 million, $17 million, $6 million and $5 million, respectively.

The highest value was registered in residential projects, with a total of $60 million, 87% more than in the same month last year.

Non-residential construction registered a drop of 11%, falling from $63 million to $53 million.